China Tianying Co., Ltd. (hereinafter referred to as "China Tianying" or "the Company") and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Overview of the Guarantee
(1) Review of Guarantee Limit
China Tianying Co., Ltd. held the 11th meeting of the 9th Board of Directors on April 27, 2025, and the 2024 Annual General Meeting on June 10, 2025, to review and approve the proposal on the guarantee limit for subsidiaries in 2025. The Company agreed to provide an additional guarantee limit of no more than RMB 17.01 billion for 2025, on top of the existing total guarantee amount, including but not limited to guarantees between the Company and its wholly-owned subsidiaries, among various wholly-owned subsidiaries, and for joint venture subsidiaries. To improve decision-making efficiency, the shareholders' meeting has authorized the Company's chairman and management to approve specific matters related to guarantees within the stipulated limit and to adjust the guarantee amount based on the actual needs of the Company and its subsidiaries, signing all necessary legal documents for the guarantees. For details, please refer to the announcement titled "Announcement on Guarantee Limits for Subsidiaries in 2025" (Announcement No.: TY2025-13) disclosed by the Company on April 29, 2025, in the China Securities Journal, Securities Times, and the Giant Tide Information Network.