Guangdong Tianlong Technology Group Co., Ltd. (hereinafter referred to as "the Company" or "Tianlong Group") 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.
Overview of the Guarantee Situation
To enhance the capital efficiency of its subsidiaries, Tianlong Group's wholly-owned subsidiary, Beijing Pinzhong Interactive Network Marketing Technology Co., Ltd. (hereinafter referred to as "Beijing Pinzhong"), recently signed a factoring contract with Haier Financial Factoring (Chongqing) Co., Ltd. (hereinafter referred to as "Haier Factoring"), agreeing that Haier Factoring will provide recourse factoring financing services to Beijing Pinzhong. Regarding the aforementioned factoring financing business, Tianlong Group and its wholly-owned subsidiary, Beijing Jishi Interactive Network Marketing Technology Co., Ltd. (hereinafter referred to as "Beijing Jishi"), signed a maximum guarantee contract with Haier Factoring, agreeing that Tianlong Group and Beijing Jishi will provide joint liability maximum guarantee for multiple debts incurred by Beijing Pinzhong with Haier Factoring within a certain period. The maximum principal balance of the main debt is set at RMB 30 million, with a guarantee period of three years from the expiration of the main debt performance period.