Progress Announcement on the Guarantee Provided by Gongxiao Daji Group Co., Ltd. to Its Controlling Subsidiary

MaticHoleFiller · 2026-03-27T20:51:13+00:00

The Supply and Marketing Big Collection Group Co., Ltd. announced that its Board of Directors and Shareholders' Meeting have approved an adjustment to the guarantee limits for its subsidiaries, involving changes in the guarantee amounts. The company has guarantees for its subsidiaries and related parties, and there have been no new overdue guarantees recently, so the risk is controllable.

MaticHoleFiller

2026-03-27 20:51:13

Abstract generation in progress

Stock Code: 000564 Stock Abbreviation: Gongxiao Daji Announcement No.: 2026-016

Gongxiao Daji Group Co., Ltd.

Progress Announcement on Providing Guarantees to Wholly-Owned Subsidiaries

The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Overview of Guarantee Situation

Gongxiao Daji Group Co., Ltd. (hereinafter referred to as “Gongxiao Daji” or “the Company”) approved the proposal on “Application to Adjust Mutual Guarantee Limits with Wholly-Owned Subsidiaries” at the fifteenth meeting of the eleventh board of directors and the third extraordinary general meeting of shareholders in 2025. The general meeting approved the adjustment of the company’s guarantee to subsidiaries from 990 million yuan to 210 million yuan within the annual mutual guarantee limit of 4.3 billion yuan (including existing mutual guarantees, extensions or renewals of original mutual guarantees, and new mutual guarantees), the subsidiary’s guarantee to the company from 500 million yuan to 270 million yuan, and the subsidiary’s guarantee to subsidiary from 2.81 billion yuan to 3.82 billion yuan. The general meeting agreed to authorize the legal representatives of Gongxiao Daji and its wholly-owned subsidiaries to sign and handle the specific contracts and documents related to the aforementioned mutual guarantee and mutual guarantee adjustments, without the need to hold another board of directors or general meeting, and without forming individual board resolutions or general meeting resolutions. The authorization period is from the date of approval of this proposal at the third extraordinary general meeting of shareholders in 2025 until the date of the annual general meeting of shareholders in 2025. Please refer to the company’s announcements on September 26, 2025, regarding “Resolution Announcement of the Fifteenth Meeting of the Eleventh Board of Directors” and “Announcement on Application to Adjust Mutual Guarantee Limits with Wholly-Owned Subsidiaries,” and the announcement on October 16, 2025, regarding “Resolution Announcement of the Third Extraordinary General Meeting of Shareholders in 2025.”

According to business needs, the company’s wholly-owned subsidiary Beijing Xinhui Commercial Development Co., Ltd. (hereinafter referred to as “Beijing Xinhui”) provided guarantees for its subsidiaries Yidu City Gongxiao Trade Logistics Co., Ltd. (hereinafter referred to as “Yidu Gongxiao Trade”) and Gongxiao Trade Logistics (Huaihua) Co., Ltd. (hereinafter referred to as “Huaihua Company”) for bank loans and signed relevant guarantee contracts. Please refer to the announcement on July 1, 2025, regarding “Providing Guarantees to Yidu City Gongxiao Trade Logistics Co., Ltd. and Gongxiao Trade Logistics (Huaihua) Co., Ltd.”

Recently, the two subsidiaries mentioned above have withdrawn loans, and the specific situation is as follows:

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Related Opinions

The increase in the actual guarantee amount this time is due to the fulfillment of the signed loan and guarantee contracts, and does not involve new loan and guarantee contracts. The above two subsidiaries are wholly-owned subsidiaries of the company, and the company can effectively control their operations and has a full understanding of their debt repayment capabilities. The risk of the guarantee limits is within a controllable range.

Total Number of External Guarantees and Number of Overdue Guarantees
In 2021, it was discovered during self-examination that there were undisclosed guarantees from shareholders and related parties. As of April 24, 2022, these have been resolved in accordance with the “Reorganization Plan of Gongxiao Daji Group Co., Ltd. and its Twenty-Four Subsidiaries” and the “Reorganization Plan of 321 Companies Including HNA Group Co., Ltd.” in relevant reorganization procedures, or resolved by the main debtor through the replacement of mortgaged assets, thereby eliminating the risk hazards to Gongxiao Daji.
As of March 17, 2026, the guarantee business situation of Gongxiao Daji and its wholly-owned subsidiaries is as follows:

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As of September 30, 2025, the commercial development projects of the company’s wholly-owned subsidiaries provided guarantees for mortgage loans totaling 47.2617 million yuan in accordance with industry operating practices.
Except for the above guarantees, the company and its wholly-owned subsidiaries have no other guarantees or overdue guarantees.

This announcement is hereby given.

Gongxiao Daji Group Co., Ltd.

Board of Directors

March 18, 2026

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