Rongsheng Development: Intends to provide a guarantee of not more than RMB 40 million for financing for its subsidiary.

Rongsheng Development announced that, according to the resolution of the first interim shareholders' meeting in 2025 and the needs of project development, the company plans to provide joint and several guarantee guarantees for a maximum of 40 million yuan for its holding subsidiary Yiyang Rongcheng for financing, with a term not exceeding 60 months. Yiyang Rongcheng will provide collateral guarantee with its own assets. As of October 31, 2025, Yiyang Rongcheng's total assets were 605 million yuan, total liabilities were 596 million yuan, and revenue from January to October 2025 was 150 million yuan, with a net profit of -1.3019 million yuan. The company indirectly holds 98.78% of its equity. As of the disclosure date of the announcement, the company's actual guarantee amount was 44.201 billion yuan, accounting for 297.55% of the most recent audited net assets, with an overdue guarantee amount of 11.411 billion yuan.