On September 23, Shanghai Urban Development Investment Holding Co., Ltd. announced the latest developments regarding guarantees provided for its subsidiary Shanghai Urban Development Investment Real Estate (Group) Co., Ltd.

According to the announcement, the wholly-owned subsidiary Shanghai Urban Development Investment Real Estate (Group) Co., Ltd. ("Urban Investment Real Estate") applied for a loan from BOCOM International Trust Co., Ltd. ("BOCOM International Trust") for project development and construction needs. The total loan amount is RMB 800 million, with the parent company providing joint liability guarantee for Urban Investment Real Estate.

Following this guarantee arrangement, the total external guarantees by Urban Investment Holding and its controlling subsidiaries amount to RMB 7.718 billion, all of which are guarantees provided to subsidiaries within the consolidated financial statement scope. This represents 36.93% of the company's 2024 audited net assets attributable to listed company shareholders.

The company has not provided guarantees to its controlling shareholders, actual controllers, or their related parties, and there are no overdue guarantee matters.

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