Hunan Tianrun Digital Entertainment Culture Media Co., Ltd. (hereinafter referred to as "*ST Tianrun" or "the Company") and its directors, supervisors, and senior management guarantee that the content of this announcement is true, accurate, and complete, and they bear responsibility for any false records, misleading statements, or significant omissions in the announcement.
Progress of Litigation Related to Illegal Guarantees
On September 22, 2020, *ST Tianrun disclosed an announcement regarding the termination of certain litigations and illegal guarantees, detailed in the China Securities Journal, Shanghai Securities Journal, Securities Daily, and the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2020-066). In accordance with the relevant provisions of the Shenzhen Stock Exchange Listing Rules, the Company has published related progress announcements in the designated information disclosure media on the following dates: September 24, November 7, December 9, 2020; January 9, February 9, March 9, April 15, April 30, May 29, June 29, July 29, August 30, September 30, October 30, December 1, December 31, 2021; January 29, March 1, March 30, April 29, June 1, July 1, August 2, September 2, October 11, November 15, December 16, 2022; January 20, February 17, March 17, April 29, 2023 (Announcement No.: 2020-067, 2020-074, 2020-089, 2021-001, 2021-012, 2021-018, 2021-021, 2021-035, 2021-041, 2021-050, 2021-058, 2021-067, 2021-070, 2021-077, 2021-088, 2021-094, 2022-004, 2022-012, 2022-019, 2022-028, 2022-039, 2022-044, 2022-047, 2022-059, 2022-062, 2022-066, 2022-074, 2023-001, 2023-005, 2023-008, 2023-024).
As of May 29, 2023, the principal amount of illegal guarantees the Company is liable for, following litigation judgments, is 66,559,600 yuan. The current litigation situations involving all illegal guarantees are as follows:
| No. | Guaranteed Party | Borrower | Guarantee Contract Signing Date | Guarantee Amount (10,000 yuan) | Guarantee Balance (10,000 yuan) | Litigation Progress | Court of Judgment/Acceptance | Judgment/Acceptance Date | Principal Amount of Guarantee Balance to be Undertaken (10,000 yuan) | Progress Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Guangdong Hengrun Huxing Investment Development Co., Ltd. | Liang Xiao | 2017.12.13 | 50,000 | 35,346 | Zhejiang High People's Court | 2019.06.26 | 17,673 | Judged, partially executed | |
| 2 | Guangdong Hengrun Huxing Investment Development Co., Ltd. | Xu Weijie | 2018.01.13 | 5,000 | 2,778.60 | Shenzhen International Arbitration Court | 2019.08.16 | 2,778.60 | Arbitrated, partially executed | |
| 3 | Guangdong Hengrun Huachuang Industrial Development Co., Ltd. | Xuesong International Trust Co., Ltd. | 2016.08.20 | 30,000 | 11,104 | Jiangxi Nanchang Donghu Notary Office | 2022.11.10 | 5,552 | Second instance judged, partially executed | |
| 4 | Guangdong Hengrun Huachuang Industrial Development Co., Ltd. | Xuesong International Trust Co., Ltd. | 2016.11.28 | 60,000 | 49,860 | Jiangxi High People's Court | 2020.10.23 | 24,930 | Judged, not executed | |
| 5 | Guangzhou Nanhua Shenk Information Technology Co., Ltd. | Hengwang International Commercial Factoring (Shenzhen) Co., Ltd. | 2018.10.29 | 5,500 | 5,500 | Shanghai Financial Court | 2020.08.06 | 2,750 | Judged, not executed | |
| 6 | Guangdong Hengrun Huachuang Industrial Development Co., Ltd. | Xinyu Hehuachuang Enterprise Management Partnership (Limited Partnership) | 2017.10.20 | 10,000 | 6,087 | Guangdong Shenzhen Intermediate People's Court | 2020.05.15 | 1,826 | Judged, not executed | |
| 7 | Guangdong Hengrun Huachuang Industrial Development Co., Ltd. | Huang Shaoxiong | 2018.03.19 | 16,000 | 15,100 | Guangdong Shenzhen Intermediate People's Court | 2021.07.06 | 7,550 | Arbitrated, partially executed | |
| 8 | Guangzhou Huayi Real Estate Co., Ltd. | Qingdao Guoxin Development Asset Management Co., Ltd. | 2018.1.11 | 7,000 | 7,000 | Shandong Qingdao Intermediate People's Court | 2021.11.9 | 3,500 | Judged, not executed | |
| Total | 183,500 | 132,775.60 | 66,559.60 |