Summary of Key Points Core Viewpoint - The company and its board ensure that the information disclosed is true, accurate, and complete, with no false records or misleading statements. The company has provided a guarantee for a financing matter involving its subsidiary, which has now been settled, allowing for the termination of the guarantee without adverse effects on the company's financial status or shareholder interests. Group 1: Guarantee Overview - The company’s wholly-owned subsidiary, Tianjin Rongcheng Xianghe Automobile Trading Co., Ltd., and Neijiang Pengxiang Investment Co., Ltd. provided a joint guarantee of 10 million RMB for Tianjin Rongcheng Dewei Automobile Trading Co., Ltd. to apply for financing from SAIC Motor Group Finance Co., Ltd. [1] - The total guarantee amount was 20 million RMB, with each subsidiary guaranteeing 10 million RMB, and the guarantee period was set for three years from the debt performance deadline [1][2]. Group 2: Termination of Guarantee - The guarantee was terminated as Tianjin Rongcheng Dewei had no further borrowing needs, and the borrowing contract with SAIC Motor Group Finance Co., Ltd. was terminated on October 21, 2025, after all debts were settled [3]. - Neijiang Pengxiang issued a letter to SAIC Motor Group Finance Co., Ltd. on November 11, 2025, to confirm the termination of the guarantee, which was acknowledged by the finance company [3]. Group 3: Impact on the Company - The termination of the guarantee will not adversely affect either Tianjin Rongcheng Dewei or Neijiang Pengxiang, nor will it have a significant impact on the company's financial status or harm the interests of shareholders, particularly minority shareholders [4].