Core Viewpoint - The company is providing a guarantee for a loan of RMB 55 million to support the operational needs of its subsidiary's project in Beijing [2][5][7]. Group 1: Guarantee Details - The company’s subsidiary, VISION BUSINESS PARK (TH) LIMITED, holds a 20% stake in the borrowing company, which is seeking a loan from China Merchants Bank for operational purposes [2][5]. - The loan amount is capped at RMB 55 million, with a maximum term of 15 years [2][5]. - The guarantee is secured by the 20% equity stake held by VISION BUSINESS PARK (TH) LIMITED in the borrowing company [2][5]. Group 2: Authorization and Compliance - The company’s board and shareholders have previously authorized a total guarantee limit of RMB 10 billion for the year 2025, which includes this guarantee [3][8]. - This guarantee falls within the authorized limit and does not require additional board or shareholder meetings for approval [3][8]. Group 3: Financial Overview - As of the announcement date, the company has a total external guarantee balance of RMB 18.48 billion, which represents 31.30% of the company's audited net assets attributable to shareholders [9]. - The company has provided guarantees of RMB 13.27 billion to other subsidiaries and RMB 5.21 billion to joint ventures and associates, with no overdue guarantees reported [9].

Group 1 - Company announced that its subsidiary VISION BUSINESS PARK (TH) LIMITED holds a 20% stake in Beijing Weixin Huqing Real Estate Development Co., Ltd., which operates the Jindi Beijing Huqing project [1] - The borrowing company applied for a loan of 55 million yuan from China Merchants Bank, with a maximum loan term of 15 years to meet operational needs [1] - VISION BUSINESS PARK (TH) LIMITED signed a pledge contract with China Merchants Bank, using its 20% stake in the borrowing company as collateral for the loan, with a total guarantee amount not exceeding 55 million yuan [1] Group 2 - As of the announcement date, the company's total external guarantees amount to 18.48 billion yuan, accounting for 31.3% of the company's audited net assets attributable to shareholders for 2024 [2] - The company and its subsidiaries provided guarantees totaling 13.269 billion yuan for other subsidiaries, while guarantees for joint ventures and associates amount to 5.211 billion yuan [2] - The company has no overdue guarantees [2]