Group 1 - The company approved a guarantee limit of up to RMB 53.264 billion for its controlled and joint-stock companies for the years 2025-2026 during the annual shareholders' meeting held on April 25, 2025 [1] - The company adjusted the unused guarantee limit of its wholly-owned subsidiary, Chongqing Huachao City Industrial Development Co., Ltd., amounting to RMB 420 million to its other wholly-owned subsidiary, Chongqing Jinchengli Real Estate Co., Ltd. [1] - After the adjustment, the guarantee limit for Chongqing Huachao City Industrial Development Co., Ltd. was reduced from RMB 1.412 billion to RMB 992 million, while the limit for Chongqing Jinchengli Real Estate Co., Ltd. was increased from RMB 0 to RMB 420 million [1] Group 2 - Chongqing Jinchengli Real Estate Co., Ltd. is a wholly-owned subsidiary of the company, established in March 2025, with a registered capital of RMB 10 million and a primary business in real estate development and operation [1] - As of June 30, 2025, Chongqing Jinchengli Real Estate Co., Ltd. had total assets of RMB 261 million, total liabilities of RMB 252 million, and a net asset of RMB 9 million, resulting in an asset-liability ratio of 96.45% [2] - The company provided a 100% mortgage guarantee for Chongqing Jinchengli Real Estate Co., Ltd. for a real estate development loan with a principal amount not exceeding RMB 420 million [3] Group 3 - The management believes that the adjustment of the guarantee limit is within the authorization of the shareholders' meeting and supports the normal operation and development of Chongqing Jinchengli Real Estate Co., Ltd. [4] - The total guarantee balance of the company and its subsidiaries as of July 31, 2025, was RMB 29.018 billion, accounting for 54.56% of the company's latest audited net assets, with no overdue guarantees or litigation-related guarantees [5]

Group 1 - The company approved a guarantee limit of up to RMB 53.264 billion for its controlled and affiliated companies for the years 2025-2026 [2] - The company adjusted the unused guarantee limit of RMB 420 million from its wholly-owned subsidiary to another wholly-owned subsidiary, impacting the guarantee limits for both subsidiaries [2] - The adjustment of the guarantee amount is within the authorized scope of the shareholders' meeting and supports the normal business development of the subsidiary [6] Group 2 - Chongqing Jinchengli Real Estate Co., Ltd., a wholly-owned subsidiary, has total assets of RMB 261 million and a debt ratio of 96.45% as of June 2025 [4] - The company provided a 100% mortgage guarantee for a loan of up to RMB 420 million for Chongqing Jinchengli Real Estate Co., Ltd. with a local bank [5] - As of July 2025, the total guarantee balance of the company and its subsidiaries is RMB 29.018 billion, accounting for 54.56% of the latest audited net assets, with no overdue guarantees [7]

Core Viewpoint - The company is reallocating a guarantee amount of 20 million RMB from its wholly-owned subsidiary, Jiangsu Yongding Fiber Optic Technology Co., Ltd. to its controlling subsidiary, Etern Manufactura de México, S. de R.L. de C.V. This adjustment is part of the company's strategy to support its subsidiaries' operational needs while maintaining a manageable risk profile [1][2]. Summary by Sections Guarantee Adjustment Overview - The guarantee adjustment involves transferring an unused guarantee amount of 20 million RMB to Etern Manufactura de México, resulting in a new total guarantee of 80 million RMB for Jiangsu Yongding Fiber Optic and 20 million RMB for Etern Manufactura [1][2]. - The company has no overdue external guarantees [1]. Guarantee Adjustment Details - The adjustment is compliant with regulatory requirements and is aimed at meeting the actual business needs of the company [2]. - The debt ratio of Etern Manufactura de México is not applicable as it is a newly established company [2]. Basic Information of the Guaranteed Company - Jiangsu Yongding Fiber Optic has total assets of 224.73 million RMB and total liabilities of 236.16 million RMB as of December 31, 2024, resulting in a net asset deficit of 11.43 million RMB [3]. - For the first quarter of 2025, the company reported total assets of 124.98 million RMB and total liabilities of 136.17 million RMB, with a net asset deficit of 11.18 million RMB [3]. Main Content and Authorization of the Guarantee - The guarantee adjustment is internal and will be formalized through specific guarantee agreements [4]. - The chairman of the board is authorized to handle all matters related to borrowing and financing post-adjustment, with the company bearing all legal and economic responsibilities [4]. Necessity and Reasonableness of the Guarantee Adjustment - The adjustment is deemed beneficial for the normal business development of the controlling subsidiary, which has a good credit status and no significant default history [4]. - The potential risks associated with this adjustment are not expected to impact the company's ongoing operational capabilities or harm the interests of minority shareholders [4]. Cumulative External Guarantee Amount - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 85.33% of the audited net assets, with no overdue guarantees reported [4].

Summary of Key Points Core Viewpoint - Shenzhen Overseas Chinese Town Co., Ltd. has approved a guarantee limit of up to RMB 53.264 billion for its subsidiaries for the years 2025-2026, allowing for adjustments based on operational needs [1] Group 1: Guarantee Overview - The company will provide a total guarantee limit of RMB 53.264 billion for its subsidiaries during 2025-2026, with management authorized to adjust the amounts as necessary [1] - The company has transferred an unused guarantee limit of RMB 850 million from its wholly-owned subsidiary Wuxi Overseas Chinese Town Industrial Development Co., Ltd. to another wholly-owned subsidiary, Ningbo Overseas Chinese Town Investment Development Co., Ltd. [2] Group 2: Financial Status of the Guaranteed Company - Ningbo Overseas Chinese Town Investment Development Co., Ltd. has total assets of RMB 5.009 billion and total liabilities of RMB 3.609 billion as of the end of 2024, resulting in a debt-to-asset ratio of 72.04% [3] - The company reported a net profit of -RMB 41 million for the first five months of 2025, with total liabilities including bank loans of RMB 850 million [3] Group 3: Guarantee Agreement Details - The company provides a 100% guarantee for Ningbo Overseas Chinese Town Investment Development Co., Ltd. for a property mortgage loan with China Bank, with a maximum principal amount of RMB 850 million [3] Group 4: Management's Opinion - The adjustment of the guarantee limit is within the authorization of the shareholders' meeting and supports the normal business development of Ningbo Overseas Chinese Town Investment Development Co., Ltd. [4] Group 5: Total Guarantee and Legal Status - As of the end of May 2025, the total guarantee balance of the company and its subsidiaries is RMB 29.334 billion, representing 55.15% of the latest audited net assets, with no overdue guarantees or litigation-related amounts [4]