[Mandatory] Board of Directors Approves Guarantee for Subsidiary Gaotuo International Trade (Shanghai) Co., Ltd. Meeting Disclosure Standards

1. Date of Event: 2026/05/11 2. Guaranteed Party: (1) Company Name: Gaotuo International Trade (Shanghai) Co., Ltd. (2) Relationship with Guarantor Company: Wholly-owned subsidiary indirectly held by the Company. (3) Guarantee Limit (Thousands of Yuan): 23,253,740 (4) Original Guarantee Balance (Thousands of Yuan): 2,874,492 (5) Amount of New Guarantee (Thousands of Yuan): 2,076,570 (6) Guarantee Balance as of the Date of Event (Thousands of Yuan): 4,951,062 (7) Actual Amount Drawn by the Guaranteed Company (Thousands of Yuan): 2,662,283 (8) Reason for New Guarantee: The Company signed guarantee notes with the bank to obtain a credit line. The original limit of RMB 240 million will be renewed, with an additional RMB 210 million, to meet the operational turnover needs of the invested subsidiary. 3. Collateral Provided by the Guaranteed Company: (1) Content: None. (2) Value (Thousands of Yuan): 0 4. Latest Financial Statement of the Guaranteed Company: (1) Capital (Thousands of Yuan): 371,399 (2) Accumulated Profit/Loss (Thousands of Yuan): 160,349 5. Conditions for Release of Guarantee Responsibility: (1) Conditions: The guarantee responsibility shall be released upon maturity of the guarantee. (2) Date: One-year maturity. 6. Total Guarantee Limit (Thousands of Yuan): 48,445,293 7. Guarantee Balance as of the Date of Event (Thousands of Yuan): 20,828,552 8. As of the Date of Event, the Ratio of Guarantee Balance Provided by A to the Net Worth of the Public Issuing Company's Latest Financial Statement: 107.48 9. As of the Date of Event, the Ratio of the Sum of Guarantee, Long-term Investment, and Funds Lent to the Net Worth of the Public Issuing Company's Latest Financial Statement: 27.45 10. Other Disclosures: None.