Hangzhou Yiwan Yichuang Technology Co., Ltd. (hereinafter referred to as "the Company") held the twelfth meeting of the fourth board of directors on March 30, 2026, and approved the proposal on the provision of guarantees between wholly-owned subsidiaries. According to the relevant regulations, this proposal needs to be submitted to the 2025 annual shareholders' meeting for review. The relevant matters are announced as follows:
1. Overview of the Guarantee
Based on the needs of the Company's business development and historical assessments, the Company's wholly-owned subsidiary, Hong Kong Wangxing E-commerce Co., Ltd. (hereinafter referred to as "Wangxing"), and Hong Kong Wangchuang E-commerce Co., Ltd. (hereinafter referred to as "Wangchuang") may need to provide guarantees due to their operations on e-commerce platforms such as Pinduoduo, Douyin, Kuaishou, and others. According to the requirements of these platforms, any non-mainland Chinese companies conducting business on the platforms must sign a format declaration document with the affiliated companies of the platforms, requiring mainland companies to provide joint guarantees. The aforementioned documents will include guarantee matters, necessitating guarantees between the Company's wholly-owned subsidiaries. Therefore, based on business needs, the Company's subsidiary Hangzhou Yiwan Daxian E-commerce Co., Ltd. (formerly known as Lishui Yiwan Daxian E-commerce Co., Ltd., hereinafter referred to as "Daxian") and the Company's subsidiary Hangzhou Wangchuang Yijia Technology Co., Ltd. (hereinafter referred to as "Wangchuang Yijia") will issue declarations to the aforementioned platforms, assuming joint guarantee responsibilities for all actions of Wangxing and Wangchuang on these e-commerce platforms, including but not limited to ensuring lawful operations and fulfilling obligations and rights as per agreements signed with the platforms and/or consumers. The board of directors requests the shareholders' meeting to authorize the chairman of the Company to exercise decision-making authority within the scope of the aforementioned guarantees and sign relevant legal documents, and the Company will timely fulfill its disclosure obligations. The validity period of the aforementioned authorization is from the date of approval by the 2025 annual shareholders' meeting until the date of the 2026 annual shareholders' meeting.