Announcement on Providing Guarantees for Financing of Subsidiaries
Rongsheng Real Estate Development Co., Ltd. (hereinafter referred to as "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 major omissions.
Special Risk Reminder: The total external guarantees provided by the Company and its controlling subsidiaries exceed 100% of the most recent audited net assets, guarantees are provided for entities with a debt-to-asset ratio exceeding 70%, the guarantee amount exceeds 50% of the Company's most recent audited net assets, and guarantees for entities outside the consolidated statements exceed 30% of the most recent audited net assets. Investors are advised to pay full attention to guarantee risks.
According to the proposal on the Company's 2026 guarantee plan approved at the seventh extraordinary general meeting of shareholders in 2025, and the needs of relevant project developments, the Company recently signed an agreement with relevant financing institutions to provide joint liability guarantees for the financing of its subsidiary companies.
I. Overview of the Guarantee Situation
To promote the Company's development, the Company's controlling subsidiary, Xingtai Rongsheng Real Estate Development Co., Ltd. (hereinafter referred to as "Xingtai Rongsheng"), will continue its cooperation with the Xingtai Baiquan Branch of the Industrial and Commercial Bank of China (hereinafter referred to as "ICBC Xingtai Baiquan Branch") for a financing amount of 98.85 million yuan, with the Company continuing to provide joint liability guarantees for the aforementioned financing. The total guarantee amount does not exceed 150 million yuan, and the guarantee period does not exceed 84 months. At the same time, Xingtai Rongsheng will continue to provide mortgage guarantees for the aforementioned financing with its own assets.