The subsidiary of Joy City Group provided equity pledge guarantee for the extension of the 2.65 billion loan to Chongqing Yuezhiyu.

Recently, Dayuecheng Holdings Group announced that its subsidiary Chongqing Yuezhiyu Real Estate Development Co., Ltd. will extend the principal balance of 2.65 billion yuan out of the 7.5 billion yuan loan application to Ping An Bank in 2020 to September 29, 2028. Dayuecheng's wholly-owned subsidiary Chengdu Tianquan and holding subsidiary Chongqing Yueqi will continue to provide pledge guarantees according to the original "Pledge Guarantee Contract", using the 1% and 99% equity of Chongqing Yuezhiyu respectively, with Chongqing Yuezhiyu providing counter guarantees. This guarantee is within the company's guarantee limit for the 2025 fiscal year. After it takes effect, the company has used a total of 5.546 billion yuan in guarantee limit for its subsidiaries, with a remaining usable limit of 194.454 billion yuan. As of now, the company has no overdue or litigation-related guarantees.