Easyhome subsidiary secures financing, provides guarantee

Beijing Easyhome Home Furnishing Chain Co., a wholly-owned subsidiary of Easyhome New Retail Group, recently entered into a cooperation agreement for factoring financing up to RMB 7.4 billion. This facility is secured by mortgage guarantees from its wholly-owned sub-subsidiaries, Harbin Xinyuan Commercial Management Co. and Jilin Sun City Property Management Co., using their properties in Harbin and Changchun.

Separately, Changchun Easyhome Enterprise Management Co., a third-tier wholly-owned subsidiary of Easyhome New Retail Group, provided a maximum pledge guarantee for a RMB 500 million credit facility to its parent company, Easyhome New Retail Group. This guarantee uses Changchun Easyhome Enterprise Management's property in Changchun as collateral.

As of the latest disclosures, Easyhome New Retail Group's total outstanding guarantees with its controlling subsidiaries amount to RMB 543,279.97 million, representing 26.87% of its latest audited net assets. Guarantees for entities outside the consolidated financial statements total RMB 59.79 million, or 0.003% of its latest audited net assets.