Bairun Investment Adjusts Subsidiary Guarantee Amid Business Expansion

Shanghai Bairun Investment Holding Group Co., Ltd. (Bairun) announced the release of a previous RMB 200 million guarantee for its wholly-owned subsidiary, Shanghai Bar Spirit Marketing Co. Ltd. (Bar Spirit Marketing), following the full repayment of principal and interest.

Concurrently, Bairun has established a new RMB 200 million joint liability guarantee for Bar Spirit Marketing with Shanghai Pudong Development Bank Minhang Branch. This new guarantee supports Bar Spirit Marketing's ongoing business development.

As of the disclosure date, Bairun and its controlled subsidiaries have total external guarantees of RMB 1,450 million, representing 30.87% of the company's most recently audited net assets. No overdue guarantees, litigation-related guarantees, or losses from judgment-related guarantees exist.