300063SZSE

Progress Announcement on Providing Guarantees for Subsidiaries

✨ AI Summary

Guangdong Tianlong Technology Group Co., Ltd. has signed a guarantee contract to provide an irrevocable joint liability guarantee of up to 50 million yuan for its subsidiary, Beijing Pinzhong Interactive Network Marketing Technology Co., Ltd. The company has approved a total guarantee limit of 1.475 billion yuan for subsidiaries. As of the announcement date, the actual guarantee balance for Beijing Pinzhong is 289.01 million yuan.

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Full Translation

AI Translation· azure_openai

Guangdong Tianlong Technology Group Co., Ltd. (hereinafter referred to as "Tianlong 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.

I. Overview of the Guarantee

To maintain the credit limit and payment terms for its subsidiary in the media sector and to enhance the efficiency of fund utilization, Tianlong Group, its wholly-owned subsidiary Beijing Pinzhong Interactive Network Marketing Technology Co., Ltd. (hereinafter referred to as "Beijing Pinzhong"), and Shenzhen Qifutong Technology Co., Ltd. (hereinafter referred to as "Shenzhen Qifutong") have signed a "Guarantee Contract." Under this contract, Tianlong Group provides an irrevocable joint liability guarantee for the payment obligations of service fees that Beijing Pinzhong is required to fulfill under the "2026 Annual Agency Cooperation Agreement" signed with Shenzhen Qifutong. The maximum guarantee amount is 50 million yuan, and the guarantee period lasts for three years after the expiration of all debt obligations.

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