Core Viewpoint - The company, Beijing Wajingke Information Technology Co., Ltd., has approved a series of guarantees for its subsidiaries to support their financing needs, with a total guarantee amounting to RMB 1.5 billion and additional guarantees from related parties totaling RMB 500 million [2][3]. Group 1: Guarantee Approval - The company approved a guarantee limit of up to RMB 150 million for its subsidiaries to apply for financing from banks, with the guarantee being valid until the next annual shareholders' meeting in 2025 [2]. - The company also approved accepting a total of RMB 500 million in free guarantees from its controlling shareholders for financing matters [3]. Group 2: Guarantee Contracts - The company plans to sign a maximum guarantee contract with Guangfa Bank for a total debt of RMB 10 million for its subsidiary, JiuJiaXintong [4][16]. - A maximum guarantee contract with DBS Bank is also planned, with a total debt limit of RMB 33 million for JiuJiaXintong [4][19]. - The controlling shareholder, Li Zheng, will provide a maximum guarantee of RMB 33 million for both Wajingke and JiuJiaXintong with DBS Bank [4][21]. Group 3: Guarantee Usage and Financial Status - Prior to the new guarantees, the company had a remaining guarantee balance of RMB 120 million, which will decrease to RMB 77 million after the new guarantees are issued [5]. - The controlling shareholder's guarantee balance before the new guarantees was RMB 256.62 million, which will reduce to RMB 279.54 million after the new guarantees [6]. Group 4: Company Overview - Wajingke was established on February 24, 2011, with a registered capital of RMB 101.39 million, focusing on digital application technology and information services [6][7]. - As of December 31, 2024, Wajingke reported total assets of RMB 1.29 billion, total liabilities of RMB 567.20 million, and a net profit of RMB 66.77 million [7]. - JiuJiaXintong, a wholly-owned subsidiary, was established on March 11, 2016, with a registered capital of RMB 51.11 million, and reported total assets of RMB 374.49 million as of September 30, 2025 [10][13]. Group 5: Credit Status - Both Wajingke and JiuJiaXintong hold a credit rating of AAA, indicating strong creditworthiness [8][14].

Group 1 - The company held its fourth temporary board meeting on September 19, 2025, to discuss key financial decisions [2][4] - The board approved a proposal to apply for a merger loan of up to RMB 60 million from Xiamen International Bank, secured by 100% equity of its wholly-owned subsidiary, Beijing Yitong Jiayue Technology Co., Ltd. [2][21] - The board authorized the management to adjust the loan terms and conditions as necessary [3][30] Group 2 - The board also approved a proposal to accept a guarantee of up to RMB 300 million from related parties, specifically from controlling shareholders Li Zheng and Chen Kun, to enhance financing efficiency [5][10] - The guarantees provided by Li Zheng and Chen Kun will not incur any costs for the company and do not require counter-guarantees [10][15] - The total amount of related transactions with these shareholders in 2025 has reached RMB 32,324.38 million, including previous guarantees [16][18] Group 3 - The company reported a total asset of RMB 130,506.59 million and a net asset of RMB 73,197.49 million as of June 30, 2025, indicating a stable financial position [23] - The company achieved a revenue of RMB 53,285.96 million and a net profit of RMB 3,086.88 million in the first half of 2025 [23] - The company maintains a credit rating of AAA, reflecting its strong creditworthiness [24]