Core Viewpoint - The company, Beijing Capital Development Co., Ltd., is providing a guarantee for its wholly-owned subsidiary, Guiyang Longtai, to secure a loan of 100 million yuan for real estate development, specifically for the Shoukai Zijing project in Guiyang, to meet construction funding needs [1][14]. Summary by Sections Guarantee Details - The guarantee is for a loan application of 100 million yuan from Guangfa Bank, with a term of 36 months, secured by the ongoing construction of the Shoukai Zijing project [1][4]. - The company will provide a full and joint liability guarantee for the loan [1][4]. Internal Decision-Making Process - The board of directors approved the guarantee at the 52nd meeting on November 20, 2025, and the shareholders' meeting on May 20, 2025, had previously authorized the board to approve new guarantee matters [3][14]. Financial Position of the Guaranteed Entity - Guiyang Longtai, the guaranteed entity, is a wholly-owned subsidiary of the company and is not classified as a dishonest executor [6][8]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary for the operational needs of Guiyang Longtai and aligns with the company's overall interests and development strategy. The subsidiary has a debt-to-asset ratio exceeding 70% but does not face significant repayment risks [6][7]. Board of Directors' Opinion - The board unanimously agreed that the guarantee is in the company's best interest and complies with regulatory requirements, ensuring no harm to the company or its shareholders [7][14]. Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to approximately 1.368 billion yuan, which is 100.81% of the company's latest audited net assets attributable to the parent company [8][9].

Core Viewpoint - The company has approved a guarantee for a loan application by its wholly-owned subsidiary, Guizhou Shoukai Longtai Real Estate Development Co., Ltd, to support the construction of a real estate project in Guiyang, Guizhou Province [2] Group 1 - The company announced that its board of directors approved a proposal to provide a guarantee for a loan application by Guizhou Shoukai Longtai [2] - Guizhou Shoukai Longtai plans to apply for a 100 million yuan (approximately 14.1 million USD) real estate development loan from Guangfa Bank, with a term of 36 months [2] - The guarantee will be secured by the ongoing construction of the fourth phase of the Shoukai Zhi Jun project, with the company providing full and joint liability guarantee without any counter-guarantee [2]