Overview of Guarantee Situation - The company provides a guarantee of up to RMB 200 million for its wholly-owned subsidiary, Beijing Time Internet Technology Co., Ltd. (Time Internet) and its subsidiaries, primarily for the Apple ASA channel advertising business [1][2] - The guarantee is a joint liability guarantee with a term from the signing of the agreement until December 31, 2025 [1][3] Basic Information of the Guaranteed Party - Time Internet was established on April 26, 2006, with a registered capital of RMB 5.1 million [1] - The company operates in various sectors including technology development, software services, market research, and advertising [1] Financial Data of Time Internet - As of December 31, 2023, Time Internet had total assets of RMB 912 million and total liabilities of RMB 157 million, resulting in net assets of RMB 755 million [1] - For the fiscal year 2023, the company reported operating revenue of RMB 2.34 billion and a net profit of RMB 460 million [1] Main Content of the Guarantee Agreement - The guarantor is the company, and the beneficiaries include various Apple entities [2] - The guarantee covers all obligations and debts of Time Internet and its subsidiaries, ensuring timely payment and compliance with the agreement [3] Board of Directors' Opinion - The board believes that the guarantee will foster a stable long-term cooperation with Apple, reduce funding pressure, and enhance capital efficiency [3] - The financial condition of Time Internet is stable, with controllable financial risks and actual debt repayment capabilities [3] Supervisory Board's Opinion - The supervisory board supports the guarantee as it meets the financing needs arising from business development and market expansion [3] - The guarantee is deemed compliant with relevant laws and regulations, and it will not adversely affect the company's operations or investor interests [3] Cumulative External Guarantee Amount - After this guarantee, the total guarantee amount by the company and its subsidiaries is RMB 200 million, accounting for 4.37% of the latest audited net assets [4] - There are no overdue guarantees or guarantees involving litigation as of now [4]