Overview of Guarantee Situation
Recently, Xinjiang Tienshun Supply Chain Co., Ltd. (hereinafter referred to as "the Company") signed a "Maximum Guarantee Contract" (Contract No.: RTL000317956) with Industrial Bank Co., Ltd. Haikou Branch (hereinafter referred to as "Industrial Bank Haikou Branch"), agreeing to provide a joint liability guarantee for a loan of 9 million RMB for its wholly-owned subsidiary, Hainan Qiantai Jiyu Supply Chain Management Service Co., Ltd. (hereinafter referred to as "Hainan Qiantai Jiyu"). The Company held the 30th meeting of the fifth board of directors and the 2024 annual general meeting on April 16, 2025, and May 8, 2025, respectively, to review and approve the proposal on providing guarantees for subsidiaries. This proposal allows the Company to provide a joint liability guarantee for Hainan Qiantai Jiyu not exceeding 50 million RMB. For specific details, please refer to the relevant announcements disclosed by the Company on April 18, 2025, and May 9, 2025, on the Giant Tide Information Network (www.cninfo.com.cn). This external guarantee is within the aforementioned guarantee limit and does not require another board or shareholder meeting for review. The guarantee amount used by Hainan Qiantai Jiyu this time is 9 million RMB, and after this guarantee, the remaining guarantee balance for Hainan Qiantai Jiyu during the guarantee period is 19 million RMB, with an available guarantee limit of 31 million RMB.
Progress of Guarantee
As of the date of this announcement, the Company's history of providing guarantees for its wholly-owned subsidiary Hainan Qiantai Jiyu is as follows: In October 2025, the Company provided a joint liability guarantee for a loan of 10 million RMB signed between Hainan Qiantai Jiyu and Bank of China Co., Ltd. Haikou Haidian Branch. For specific details, please refer to the "Announcement on the Progress of External Guarantees" published on October 30, 2025, on the Giant Tide Information Network (http://www.cninfo.com.cn).