I. Overview of Guarantees
Fujian Qipilang Industrial Co., Ltd. (hereinafter referred to as "the Company") approved the proposal to provide guarantees for subsidiaries within the consolidation scope at the 2024 Annual General Meeting. To further support the operational financing needs of its subsidiaries, the Company plans to provide joint liability guarantees for 22 subsidiaries, with a total guarantee amount of RMB 1.615 billion. The Company may sign guarantee contracts with banks for a maximum term of five years. The Chairman of the Company or an authorized agent designated by the Chairman is authorized to sign relevant legal documents within the guarantee limit. For detailed information, please refer to the relevant announcements on the Giant Tide Information website.
II. Progress of Guarantees and Main Contents of Guarantee Contracts
(A) Guarantee for Beijing Qipilang Clothing Sales Co., Ltd.
- Basic Information The subsidiary Xiamen Qipilang Clothing Marketing Co., Ltd. signed a "Pledge Contract" (No. 2026 Xiamen Bank Pledge No. 811498051107) with CITIC Bank Xiamen Branch in May 2026, providing pledge guarantees for Beijing Qipilang Clothing Sales Co., Ltd. to apply for bank acceptance bills.