Core Viewpoint - The company has provided a guarantee for its subsidiary Shanghai Runliuchir Technology Co., Ltd. to support its financing lease business, which is essential for the subsidiary's operational development and financial structure optimization [2][7][8]. Summary by Sections Guarantee Object and Basic Situation - The company signed a financing lease framework contract and related agreements with Haitong Hengxin International Leasing Co., Ltd. and Haitong Hengxin Micro Financing Leasing (Shanghai) Co., Ltd. on October 29, 2025, to support its subsidiary's operational needs [1][2]. Cumulative Guarantee Situation - The maximum liability guarantee provided by the company for Shanghai Runliuchir's financing lease business is capped at RMB 40,348,000.00, valid from October 29, 2025, to March 31, 2027 [2][4]. Internal Decision-Making Process - The company held board meetings and a shareholders' meeting in September 2025 to approve the guarantee for the subsidiary's financing lease business, with a guarantee limit of up to RMB 30,000,000.00 [2][8]. Basic Situation of the Guaranteed Party - Shanghai Runliuchir is a controlled subsidiary of the company and is not listed as a dishonest executor as of the announcement date [2][3]. Main Content of the Guarantee Agreement - The guarantee includes all debts owed by the debtor under the main contract, including rent and other payments, with a guarantee period extending for three years from the maturity of each debt [5][6]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the operational needs of Shanghai Runliuchir, allowing it to broaden financing channels and optimize its financial structure, which aligns with the company's overall interests and development strategy [7][8]. Board of Directors' Opinion - The board believes that the guarantee will not adversely affect the company's operations and is in the best interest of all shareholders, including minority shareholders [8]. Cumulative External Guarantee Amount and Overdue Guarantees - As of the announcement date, the total guarantee amount by the company and its subsidiaries is RMB 234,400,000.00, accounting for 73.07% of the company's audited net assets for 2024, with no overdue guarantees reported [9].