Group 1 - The company has provided guarantees for its subsidiaries to support their operational needs, with a total guarantee amount of RMB 179,494.14 million as of November 30, 2025, which accounts for 21.21% of the company's latest audited net assets [11] - The guarantees include amounts for various subsidiaries, such as RMB 32.25 million for Changsha Depo Logistics, RMB 107.49 million for Hefei Depo Freight Forwarding, and RMB 205.22 million for Nanjing Depo Logistics, among others [2][7] - The board of directors has approved a guarantee limit of up to RMB 700 million for 2025, with specific allocations for subsidiaries based on their asset-liability ratios [3][10] Group 2 - The company has been authorized to approve specific guarantee matters within the set limit without needing to convene additional board or shareholder meetings [4] - All guaranteed subsidiaries are not listed as dishonest executors, indicating a stable credit status [6] - The guarantees are deemed necessary and reasonable for the subsidiaries' production and strategic development, with the company maintaining effective control over their operational risks [9]