Shenzhen Liansheng Technology Co., Ltd. (the "Company") and all directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
On June 4, 2026, the Company held the tenth meeting of the seventh board of directors, which approved the proposal to apply for a comprehensive credit facility from the bank and accept related party guarantees. The relevant matters are announced as follows:
I. Overview of the Application for Comprehensive Credit Facility and Related Guarantees
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To meet the company's daily operational funding needs, the Company intends to apply to Industrial Bank Co., Ltd. (referred to as "Industrial Bank") for a comprehensive credit facility not exceeding RMB 70,000,000.00. The validity period of the credit facility is one year, and it will be used for working capital loans, issuing bank acceptance bills, guarantees, letters of credit, and other business needs. The credit facility will be guaranteed by the Company's actual controller, Wang Xin, and his spouse, Wu Zirong, as well as the Company's holding subsidiary, Tianjin Liansheng Technology Co., Ltd. (referred to as "Tianjin Liansheng") with joint liability guarantees (the specific guarantee amount and period will depend on the actual loan amount and term). The Company is not required to provide counter-guarantees or pay any consideration. The above credit facility does not equal the Company's actual financing amount, which will be based on the actual financing amount incurred by the Company within the credit facility with Industrial Bank.
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The board of directors authorizes the Company's management or designated agents to handle the procedures related to this comprehensive credit facility application, sign relevant legal documents, and no further resolutions are required from the board regarding this application and guarantee matters; the specific credit facility, types, amounts, and guarantee content will be subject to the actual signed contracts.