Core Viewpoint - Xiangyuan Cultural Tourism announced that its wholly-owned subsidiary, Xiangyuan Kunpeng, plans to provide a maximum joint liability guarantee of 459 million yuan for its wholly-owned subsidiary, Jinxiu Lianhua Mountain, to Agricultural Bank of China Yaozu Branch, without counter-guarantee [1] Group 1 - The board of directors approved the guarantee proposal on January 26, 2026, pending shareholder meeting approval [1] - Jinxiu Lianhua Mountain negotiated with the bank to lower the interest rates on four existing fixed asset loans, using a 3.5% five-year LPR as the benchmark with a spread of -40 basis points [1] - The expected interest reduction in 2026 is approximately 4.79 million yuan, with a total estimated interest reduction of about 28.40 million yuan over the remaining term [1] Group 2 - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 1.204 billion yuan, representing 42.80% of the most recent audited net assets [1] - There are no overdue guarantees reported [1]

Overview of Guarantees - Guangdong Lingyi Intelligent Manufacturing Co., Ltd. plans to provide guarantees for its financing or performance obligations for the year 2026, with a total guarantee amount not exceeding RMB 40 billion [2] - The management can adjust the guarantee amounts among the company and its subsidiaries based on actual operational conditions [2] Progress of Guarantees - The company and its wholly-owned subsidiary, Lingyi Technology (Shenzhen) Co., Ltd., signed a maximum guarantee contract with Industrial and Commercial Bank of China (ICBC) Dongguan Huangjiang Branch, providing a joint liability guarantee for a principal amount of RMB 180 million for Dongguan Lingjie Metal Precision Manufacturing Technology Co., Ltd. [3] - Lingyi Technology also signed a guarantee contract with ICBC Shenzhen Fuyong Branch, providing a joint liability guarantee for a principal amount of RMB 612.5 million for a merger loan contract [3][10] Details of Contracts - The maximum guarantee contract with ICBC Dongguan Huangjiang Branch covers a principal amount of RMB 180 million, with a borrowing period of 2 years from the actual withdrawal date [6] - The guarantee period for the borrowing contract is three years from the expiration of the borrowing term [8] - The guarantee contract with ICBC Shenzhen Fuyong Branch covers a principal amount of RMB 612.5 million, with a borrowing period of 36 months from the first withdrawal date [10] Pledge Guarantee - Lingyi Technology signed a syndicated loan equity pledge contract with China Export-Import Bank Shenzhen Branch, providing a pledge guarantee for a maximum principal amount of RMB 1.44 billion [4][15] - The pledge covers all debts under the loan contract, including principal, interest, penalties, and other fees [16] Current Guarantee Status - As of the announcement date, the company's actual guarantee balance is RMB 147.85 billion, accounting for 74.64% of the net assets attributable to the parent company as of December 31, 2024 [23] - There are no overdue guarantees or guarantees involved in litigation as of the announcement date [23]