1. Overview of Guarantees
In 2022, due to operational development needs, Dalian Chenxin Network Technology Co., Ltd. (hereinafter referred to as "the Company") intends to provide a total guarantee limit not exceeding RMB 110 million, specifically up to RMB 100 million to its holding subsidiary Shanghai Huixinchen Industrial Co., Ltd. (hereinafter referred to as "Huixinchen") and its subsidiaries, and up to RMB 10 million to the wholly-owned subsidiary Haoxin Internet (Beijing) Network Technology Co., Ltd. (hereinafter referred to as "Haoxin Internet"). The guarantee methods include but are not limited to credit guarantees, asset pledges, and other forms. The validity period is one year from the date of approval by the shareholders' meeting and the signing of relevant agreements, during which the guarantee limit can be reused. The management is authorized to sign relevant guarantee agreements or documents and handle other matters related to this guarantee.
2. Expected Guarantee Limits
| Guarantor | Guaranteed Party | Guarantor's Shareholding Ratio | Guaranteed Party's Latest Asset-Liability Ratio | Current Guarantee Balance (10,000 RMB) | This Guarantee Limit (10,000 RMB) | Guarantee Limit as a Percentage of the Latest Net Assets of the Listed Company | Related Party Guarantee |
|---|---|---|---|---|---|---|---|
| Huixinchen | 51% | 25.20% | 1000 | 1000 | 37.12% | No | |
| Haoxin Internet | 100% | 30.82% | 100 | 100 | 3.71% | No | |
| Total | 1100 | 1100 | 40.83% |