Guangyu Group Co., Ltd. (hereinafter referred to as "Guangyu Group" or "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Overview of the Guarantee Situation
Recently, Guangyu Group signed a "Maximum Guarantee Contract" with the Industrial and Commercial Bank of China Hangzhou Branch (hereinafter referred to as "ICBC Hangzhou"). The Company's controlling subsidiary, Yishijuxin Co., Ltd. (hereinafter referred to as "Yishijuxin"), has obtained a one-year comprehensive credit line of 118 million RMB from ICBC Hangzhou. Guangyu Group provides joint liability guarantees for the maximum principal, interest, compound interest, penalty interest, liquidated damages, compensation for damages, and costs incurred in realizing the creditor's rights. The minority shareholders of Yishijuxin provide counter-guarantees to the Company in proportion to their investment. The above guarantee does not involve related transactions and does not constitute a major asset reorganization as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."