RiseSun Real Estate subsidiary guarantees intra-group financing

RiseSun Real Estate Development (SZSE:002146) announced that its subsidiary, Huangshan Rongyi Resort Hotel, will continue a CNY 9 million business partnership with Huangshan Taiping Rural Commercial Bank. Huangshan Rongyi will provide mortgage guarantees, while RiseSun Culture & Tourism Investment and Langfang RiseSun Hotel Management, both wholly-owned subsidiaries, will provide joint liability guarantees. The total guarantee amount will not exceed CNY 12 million, with a term not exceeding 96 months.