深圳市新南山控股（集团）股份有限公司关于对外担保的进展公告

Overview of Guarantee Situation - Shenzhen Nanshan Holdings Group Co., Ltd. has signed a guarantee contract where its wholly-owned subsidiary, Nanshan Real Estate Development Co., Ltd., provides a joint liability guarantee for a financing loan of up to RMB 430 million for another subsidiary, Changsha Nanshan Tianchi Real Estate Co., Ltd. [3] Shareholder Meeting and Guarantee Limit Usage - The 2024 annual shareholder meeting approved a guarantee limit of up to RMB 5.8 billion for the company and its subsidiaries, with RMB 4 billion allocated for subsidiaries with an asset-liability ratio over 70% and RMB 1.8 billion for those below 70% [4] - As of August 31, 2025, Changsha Tianchi's asset-liability ratio was 91.72% (unaudited) [4] Basic Information of the Guaranteed Entity - Changsha Nanshan Tianchi Real Estate Co., Ltd. was established on October 14, 2010, with a registered capital of RMB 100 million and operates in real estate development and related services [5] Financial Indicators of the Guaranteed Entity - As of December 31, 2024, the total assets of Changsha Tianchi were RMB 1.2376942 billion, total liabilities were RMB 1.11967 billion, and net assets were RMB 118.0242 million. For the year 2024, the company reported a revenue of RMB 235.4983 million and a net loss of RMB 12.2647 million [6] - As of August 31, 2025, total assets were RMB 1.2242683 billion, total liabilities were RMB 1.1228972 billion, and net assets were RMB 101.3711 million. For the first eight months of 2025, revenue was RMB 52.4262 million with a net loss of RMB 16.6531 million [6] Guarantee Contract Details - The guarantee amount is RMB 430 million, covering the principal, interest, and other payable amounts, with a guarantee period of two years from the maturity of the principal debt [6][7] Cumulative External Guarantee Amount - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amounted to RMB 32.278 billion, which is 364.85% of the audited net assets for 2024. The total guarantees for off-balance sheet entities were RMB 3.768 billion, accounting for 42.59% of the audited net assets for 2024 [8]