Hangzhou Flariant Co Ltd

Fulaite announced on the evening of October 9 that its wholly owned subsidiary Hangzhou Huanzhuo Digital Technology signed a Service Agreement with Client Company A for a term of 60 months, with a total tax-inclusive amount of 919 million yuan, payable monthly by the client. On the same day, the company disclosed that it signed a Maximum Amount Guarantee Contract with Zhejiang Xiaoshan Rural Commercial Bank, providing joint liability guarantee for up to 250 million yuan of financing claims for Hangzhou Huanzhuo. The service is based on the company's May disclosure of IT equipment and server procurement of no more than 850 million yuan, and a staff member from the company's securities department confirmed to reporters that the service is computing power service. Fulaite's main business is disperse dyes. In 2025, its operating revenue was 775 million yuan, down 19.66 percent year on year, and net profit attributable to the parent company was 44.86 million yuan, up 103.74 percent year on year. In the first half of 2026, operating revenue was 495 million yuan, up 28.55 percent year on year, and net profit attributable to the parent company was 40.11 million yuan, up 19.47 percent year on year. The announcement cautioned that the service period is long and does not constitute a performance commitment or forecast. If Client Company A's operations deteriorate or cash flow tightens and it is unable to pay fees on time, there will be a risk of bad debt losses.