Rongsheng Real Estate Development Co., Ltd. Announcement on Providing Guarantees for Financing of Subsidiary Companies

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Stock code: 002146 Stock abbreviation: Rongsheng Development Announcement No.: Lin 2026-031

Rongsheng Real Estate Development Co., Ltd.

Announcement on Providing Guarantees for Financing of Subsidiaries

The company and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Risk Warning:

The total amount of external guarantees provided by the company and its holding subsidiaries exceeds 100% of the most recent audited net assets, guarantees for objects with a debt-to-asset ratio exceeding 70%, guarantees amounting to more than 50% of the company’s most recent audited net assets, and guarantees for entities outside the consolidated financial statements exceeding 30% of the most recent audited net assets, reminding investors to fully pay attention to guarantee risks.

According to the proposal on the “2026 Guarantee Plan” approved at the seventh extraordinary general meeting of shareholders of Rongsheng Real Estate Development Co., Ltd. (hereinafter referred to as “the Company”) for the year 2025 and the needs of related project developments, the company plans to sign agreements with relevant financing institutions to provide joint liability guarantee guarantees for the financing of its subsidiaries. In accordance with the relevant provisions of the “Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standard Operations for Main Board Listed Companies,” the relevant situation is announced as follows:

I. Overview of Guarantee Situations

To promote the development of the company, the company’s holding subsidiary Lijiang Rongsheng Kanglv Real Estate Co., Ltd. (hereinafter referred to as “Lijiang Rongsheng”) plans to continue cooperation with the Lijiang Branch of the Bank of China (hereinafter referred to as “Bank of China Lijiang Branch”) for 58.8 million yuan, with the company continuing to provide joint liability guarantees for the above business, with the total guarantee not exceeding 100 million yuan and the guarantee period not exceeding 80 months. At the same time, the company’s wholly-owned subsidiary Rongsheng Kanglv Investment Co., Ltd. (hereinafter referred to as “Rongsheng Kanglv”) will continue to provide joint liability guarantees for the above financing, and Lijiang Rongsheng will provide mortgage guarantees for the above financing using its own assets. The company’s wholly-owned subsidiary Lijiang Rongding Real Estate Development Co., Ltd. (hereinafter referred to as “Lijiang Rongding”) will continue to provide mortgage guarantees for the above financing.

II. Status of Guarantee Amount Usage

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III. Basic Situation of the Guaranteed Party

1. Guaranteed Party: Lijiang Rongsheng;

2. Establishment Date: May 15, 2018;

3. Registration Location: Plot 12-02, Xishan Area, Lijiang City, Yunnan Province;

4. Legal Representative: Wei Dong;

5. Registered Capital: 350 million yuan;

6. Business Scope: Real estate development, sales; tourism project development and operation; tourism promotion planning; tourism product development and operation; hotel management; conference and accommodation services; health consultation; elderly care project development and operation; medical projects and hospital management; rehabilitation medical services; cultural and sports project development and operation; agricultural technology, new materials technology, energy-saving technology promotion; research and development of biological products; landscaping; catering services; conference services; retail of bulk food, pre-packaged food, cosmetics, clothing, footwear, sports goods, textiles, sanitary products, rubber products, and arts and crafts (excluding ivory and rhino horn products); bathing services; indoor swimming pools; parking services; housekeeping services; laundry services; fitness and leisure activities; information technology consulting services; housing leasing; car leasing. (Projects requiring approval by law can only be carried out after approval by relevant departments);

7. Shareholder Situation: The company indirectly holds 92.14% of the equity of Lijiang Rongsheng;

8. Financial Situation:

Unit: 10,000 yuan

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IV. Main Content of the Guarantee

1. Borrowing Agreement Party: Lijiang Rongsheng and Bank of China Lijiang Branch; Guarantee Agreement Parties: the company, Rongsheng Kanglv and Bank of China Lijiang Branch; Mortgage Guarantee Agreement Parties: Lijiang Rongsheng, Lijiang Rongding and Bank of China Lijiang Branch.

2. Main Content of the Guarantee: The company and Rongsheng Kanglv will continue to provide joint liability guarantees for the above financing, and Lijiang Rongsheng and Lijiang Rongding will continue to provide mortgage guarantees for the above financing.

3. Scope of Guarantee: The creditor’s rights arising under the main contract constitute the main creditor’s rights under this contract, including principal, interest (including statutory interest, agreed interest, compound interest, and penalty interest), liquidated damages, compensation, costs incurred for realizing creditor’s rights (including but not limited to litigation fees, attorney fees, notarization fees, enforcement fees, etc.), losses caused to the creditor due to the debtor’s default, and all other payable costs.

V. Opinion of the Company’s Board of Directors

The proposal on the “2026 Guarantee Plan” has been approved by the company’s board of directors, and this guarantee matter is within the scope of the aforementioned guarantee plan. Regarding this guarantee matter, the company’s board of directors believes:

Lijiang Rongsheng is a holding subsidiary of the company, and the company has control over the daily operations of the above company and can grasp its financial situation; the operational risks of the guaranteed subsidiary are relatively low, and the company providing guarantees for the above financing is to support the better development of the above company, without harming the interests of the company and shareholders. With the continuous development of the business, Lijiang Rongsheng has sufficient ability to repay this financing.

VI. Cumulative Number of External Guarantees and Number of Overdue Guarantees

As of the date of this announcement, the company’s actual total guarantee amount is 43.847 billion yuan, accounting for 295.17% of the company’s most recent audited net assets. Among them, the actual guarantee balance provided by the company and its holding subsidiaries for entities outside the consolidated financial statements is 7.754 billion yuan, accounting for 52.19% of the company’s most recent audited net assets, and the company’s overdue guarantee amount is 14.124 billion yuan.

VII. Documents for Reference

Resolutions from the company’s seventh extraordinary general meeting of shareholders for the year 2025.

This announcement is hereby made.

Rongsheng Real Estate Development Co., Ltd.

Board of Directors

March 27, 2026

Stock code: 002146 Stock abbreviation: Rongsheng Development Announcement No.: Lin 2026-032

Rongsheng Real Estate Development Co., Ltd.

Announcement on Litigation Matters and Debt Matters

The company and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

I. Litigation Matters

Recently, a subsidiary of Rongsheng Real Estate Development Co., Ltd. (hereinafter referred to as “the Company”) has received a lawsuit, response notice, and other materials, with the specific situation as follows:

(I) Basic Situation of the Litigation

1. Name of the litigation institution: People’s Court of Yancheng District, Luohe City, Henan Province

2. Parties involved in the litigation:

Plaintiff: Zhejiang Zhongcheng Construction Group Co., Ltd.

Defendant 1: Luohe Shengxu Real Estate Development Co., Ltd.

Defendant 2: Henan Ronghe Real Estate Development Co., Ltd.

3. Case Overview:

The plaintiff undertook part of the project of defendant one and carried out construction. Now the plaintiff believes that defendant one still owes project payment and interest, losses, etc., thus resulting in the lawsuit.

4. Main Litigation Requests of the Plaintiff:

Request defendant one to pay project payment of 36.94 million yuan and interest, pay the plaintiff for losses of 9.44 million yuan and interest due to work stoppage; request confirmation that the plaintiff enjoys priority compensation rights for the 36.94 million yuan project payment; request defendant two to bear joint liability for defendant one’s debts.

5. Progress of the Litigation

As of the date of this announcement, the case has not yet been heard.

(II) Other Litigation and Arbitration Matters

As of the date of this announcement, other newly added litigation matters involving the company and its holding subsidiaries that do not meet the individual disclosure standards mainly include loan contract disputes, construction project contract disputes, etc., involving a total amount of approximately 1.479 billion yuan, accounting for about 9.96% of the company’s most recent audited net assets.

The company is actively communicating with relevant parties to seek a proper resolution to the above litigation matters.

(III) Possible Impact of This Litigation on the Company

Given that this litigation case is still in the process of being heard, its impact on the company’s current or future profits is uncertain. The company will conduct corresponding accounting treatment in accordance with relevant accounting standards and actual situations.

The company will continue to follow up on the progress of the litigation and take various measures to protect its legitimate rights and interests while timely fulfilling its information disclosure obligations, urging investors to pay attention to investment risks.

II. Debt Matters

Due to the impact of the market environment and tight operational funds, as of now, the company and its subsidiaries have incurred new overdue debts of 209 million yuan. The company is currently actively coordinating extension matters with relevant financial institutions.

The company, with a responsible attitude towards creditors, shareholders, and all sectors of society, will prioritize cash flow and, with the support of local governments and financial institutions, actively coordinate and promote debt extension matters to stabilize operations.

III. Documents for Reference

Civil complaint and other documents.

This announcement is hereby made.

Rongsheng Real Estate Development Co., Ltd.

Board of Directors

March 27, 2026

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