Meeting Overview - The eighth temporary meeting of the eighth board of directors of Fujian Furi Electronics Co., Ltd. was held on July 11, 2025, via telecommunication voting, with all 9 directors present [1] - The meeting was convened in accordance with relevant laws, regulations, and the company's articles of association [1] Resolutions Passed - The board approved a proposal to apply for a comprehensive credit limit of 20 million RMB from China Merchants Bank, Fuzhou Branch, with a validity period of 1 year [2] - The board agreed to provide joint liability guarantees for its wholly-owned subsidiary, Dongguan Furi Yuanlei Technology Co., Ltd., for a sales credit limit of 20 million RMB to Jiangxi Zhaochi Semiconductor Co., Ltd., valid from July 1, 2025, to June 30, 2028 [2] - The board approved a joint liability guarantee for Dongguan Furi Yuanlei Technology Co., Ltd. for a comprehensive credit limit of 20 million RMB from Dongguan Bank, valid for 1 year [2] - The board agreed to provide joint liability guarantees for its subsidiary, Guangdong Yinuo Communications Co., Ltd., for a comprehensive credit limit of 680 million RMB from Dongguan Bank, with a validity period of 1 year, secured by the subsidiary's land and factory [3] - The board approved the appointment of Mr. Lai Rong as the company's financial director, effective immediately until the current board's term ends [4]

Core Viewpoint - Shanghai Bailian Group Co., Ltd. has announced the progress of its guarantee pool business, which includes a total guarantee amount of 7.72 million yuan for its wholly-owned subsidiary, Oriental Department Store Co., Ltd. [1] Summary by Sections Guarantee Pool Business Overview - The company has approved the establishment of a guarantee pool business with a total limit of up to 200 million yuan, with specific allocations for subsidiaries based on their asset-liability ratios [1][4] - As of the announcement date, the company and its subsidiaries have applied for a total guarantee amount of 55.72 million yuan, with the company assuming joint liability for 46.52 million yuan [1][4] Basic Information of the Guaranteed Party - Oriental Department Store Co., Ltd. is a wholly-owned subsidiary of the company, established in 1990, with a registered capital of 37.34 million yuan [2][3] - The company operates in various sectors, including retail of daily necessities, clothing, cosmetics, and more [2] Financial Status of the Guaranteed Party - As of December 31, 2024, Oriental Department Store had total assets of 89.20 million yuan and total liabilities that were not disclosed [3] - As of March 31, 2025, the total assets were reported at 208.20 million yuan, with liabilities also not disclosed [4] Main Content of the Guarantee - The guarantee is issued to Estee Lauder (Shanghai) Trading Co., Ltd. for a total amount of 7.72 million yuan, with the company assuming joint liability [4] - The guarantee is a performance guarantee and is valid within the scope approved by the shareholders' meeting [4] Necessity of the Guarantee - The guarantee is necessary to fulfill the contractual obligations of Oriental Department Store, which is under effective management by the company, ensuring controllable risk [4] Cumulative External Guarantee and Overdue Guarantee - As of the announcement date, the total guarantee balance provided by the company and its subsidiaries is 284.40 million yuan, accounting for 1.4% of the latest audited net assets [4] - The company has no overdue guarantees [4]

Group 1 - The company held its fourth temporary board meeting of the eighth session on April 3, 2025, with all nine directors present, complying with relevant laws and regulations [1][2][18] - The board approved a comprehensive credit limit application of 290 million RMB to Fujian Haixia Bank, secured by a 34.4149% equity pledge of Zhongnuo Communications [1][2][10] - The board also approved providing joint liability guarantees for its wholly-owned subsidiaries, Shenzhen Furi Zhongnuo Electronic Technology Co., Ltd. and Guangdong Yinuo Communications Co., Ltd., for financing lease applications of 30 million RMB and 50 million RMB, respectively, each with a term of 24 months [2][9][17] Group 2 - The total amount of guarantees provided by the company to its subsidiaries is 3.527 million RMB for Furi Zhongnuo and 1.095 billion RMB for Yinuo Communications, with a cumulative external guarantee amount of 3.517 billion RMB [6][7][19] - The company has no overdue guarantees and the total external guarantees exceed 100% of the latest audited net assets [8][19] - The board believes that the guarantees are necessary and reasonable to support the business development and financing needs of its subsidiaries, which have stable operations and repayment capabilities [17][18]