Announcement Overview
Guangdong Haiyin Group Co., Ltd. (hereinafter referred to as "the Company") held the 39th meeting of the 10th Board of Directors on August 29, 2024, where all directors reviewed and approved the proposal to provide a guarantee for its wholly-owned subsidiary, Guangzhou Haiyin Internet Microloan Co., Ltd. (hereinafter referred to as "Haiyin Internet Microloan"). This proposal does not require submission to the shareholders' meeting for approval. The relevant details are announced as follows:
Overview of the Guarantee
Haiyin Internet Microloan, a wholly-owned subsidiary of the Company, is applying for a comprehensive credit limit or loan not exceeding RMB 80 million from a financial institution for operational needs, with a term not exceeding 24 months. The funds will be used for issuing microloans and conducting joint lending operations with the financial institution. The guarantee will be provided by Guangdong Haiyin Group Co., Ltd. with joint liability, and the 100% equity held by the Company in Guangzhou Haiyin Internet Microloan Co., Ltd. will be pledged as collateral. (Specifics will be subject to the final signed contract.)
According to the "Shenzhen Stock Exchange Stock Listing Rules" and other relevant laws and regulations, the Company and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, without any false records, misleading statements, or major omissions.