Nanshan Holdings' subsidiary provides joint liability guarantee for a loan of 430 million to Changsha Tianchi

On September 17, 2025, Nanshan Holdings announced the progress of external guarantees. Its wholly-owned subsidiary Nanshan Real Estate signed a "Guarantee Contract" with Zhongkai Finance to provide joint liability guarantees for project financing loan balances of no more than 430 million yuan for its wholly-owned subsidiary Changsha Tianchi. As of August 31, the asset-liability ratio of Changsha Tianchi was 91.72%. This guarantee is within the approved quota of 5.8 billion for the 2024 annual general meeting, leaving a remaining balance of 3.93 billion after use. As of the announcement date, the total amount of external guarantees provided by the company and its holding subsidiaries was 32.278 billion yuan, accounting for 36.485% of the audited net assets attributable to the parent company for 2024; guarantees for units outside the consolidated financial statements amounted to 3.768 billion yuan, accounting for 42.59%, with no overdue or other adverse guarantee situations