Group 1 - The company and its subsidiaries have approved a total guarantee limit of up to RMB 124 million for the year 2025, with RMB 50 million allocated for guarantees to quality merchants downstream of the home furnishing chain [2][12] - The company plans to sign a cooperation agreement with Agricultural Bank of China to provide credit support to quality merchants, with a guarantee amount not exceeding RMB 10 million [3][7] - A similar agreement is planned with Huaxia Bank, also with a guarantee amount not exceeding RMB 10 million, aimed at supporting merchants in paying rent and property fees [4][9] Group 2 - The guaranteed merchants are quality merchants recommended by the home furnishing chain, who have passed bank credit assessments and meet financing conditions [5] - The company has a total external guarantee balance of RMB 480.87 million, which accounts for 23.79% of the latest audited net assets [12]