UNQ Holdings Limited (Stock Code: 2177) announced that on 21 October 2025, its indirect wholly-owned subsidiary, UNQ (Shanghai) Supply Chain Management Co., Ltd. (UNQ Supply Chain), entered into a guarantee agreement with the Shanghai Minhang sub-branch of Industrial Bank Co., Ltd. The agreement provides a maximum guarantee of RMB47.5 million in favor of Shanghai Xuyishiye Co., Ltd. (Shanghai Xuyi), ensuring the repayment obligations under a new liquidity loan arrangement.

The transaction follows the fulfillment of obligations under a previous guarantee arrangement, whereby Shanghai Xuyi fully settled prior commitments on 17 October 2025. Under the new agreement, a pledged bank deposit will be used as security, and the guarantee will cover principal, interest (including penalty and compound interest), default penalties, and other related fees until repayment obligations are discharged.

According to the announcement, Shanghai Xuyi is 30% owned by UNQ Supply Chain and 70% by an independent shareholder. The transaction aims to support strategic cooperation between UNQ Holdings’ e-commerce platform and Shanghai Xuyi’s offline sales network. The directors note Shanghai Xuyi has a stable business record and has never defaulted. Counter-guarantees are also provided by Shanghai Xuyi and its controlling shareholder to reduce exposure to potential repayment risks.

Since the highest applicable percentage ratio for this guarantee exceeds 5% but is below 25%, the arrangement constitutes a discloseable transaction under Chapter 14 of the Listing Rules. It is therefore subject to the reporting and announcement requirements defined by the Stock Exchange of Hong Kong. The directors believe the guarantee terms are fair, reasonable, and serve the long-term interests of UNQ Holdings and its shareholders.