Jiayuan Services (01153) entered into a forced enforcement mediation agreement.

The China Finance app has announced that Jia Yuan Service (01153) has provided unauthorized guarantees to the ultimate controlling shareholder in connection with major and related transactions. On May 15, 2025, Shanghai Jinyuan and Shanghai Zhijin (as applicants) entered into a compulsory execution mediation agreement (compulsory execution mediation agreement) with Chaohu Xutong (a company wholly owned by the former controlling shareholder of the Company), Jiayuan Chuangsheng (a company wholly owned by the former controlling shareholder of the Company), Zhejiang Heyuan (an indirectly wholly-owned subsidiary of the Company) and Zhejiang Zhixiang Dacheng (an indirectly wholly-owned subsidiary of the Company) as the obligors (compulsory execution obligors), of which Shanghai Jinyuan and Shanghai Zhijin respectively agreed to pay a mediation amount of RMB 86 million (mediation amount) to fulfill all obligations of the obligors under the equity transfer agreement and guarantee agreement (mediation). The mediation amount includes: (1) RMB 43 million, to be paid by Jiayuan Chuangsheng and its affiliates in the form of transferring 1034 parking spaces (parking spaces) within five business days after signing the compulsory execution mediation agreement; and (2) the remaining RMB 43 million, to be paid by Zhejiang Heyuan and Zhejiang Zhixiang Dacheng in cash as follows: