Shangyuan Tourism: Wholly-owned subsidiary provides guarantees of 459 million and adjusts interest rates for affiliated companies.

Shanghai Xiangyuan Tourism announced that its wholly-owned subsidiary Xiangyuan Kunpeng intends to provide a maximum joint liability guarantee of 459 million yuan to the Yuzi Branch of the Agricultural Bank for its wholly-owned subsidiary Jinxiu Lianhua Mountain, without any counter guarantee. The Board of Directors of the company approved the proposal on January 26, 2026, subject to further approval by the shareholders' meeting. Meanwhile, Jinxiu Lianhua Mountain has negotiated with the bank to lower the interest rates on 4 existing fixed asset loans, using the 5-year period LPR as a benchmark with a margin of -40 basis points. It is expected that the interest will be reduced by 4.79 million yuan in 2026, with a total reduction of about 28.4016 million yuan over the remaining term. As of the announcement date, the total amount of external guarantees provided by the company and its subsidiaries is 1.204 billion yuan, accounting for 42.80% of the latest audited net assets, with no overdue guarantees.