According to the Seven Wolves announcement, the company's 2025 annual shareholders' meeting reviewed and passed a bill providing a maximum guarantee of 1,615 billion yuan for 20 subsidiaries within the scope of the merger. The amount is valid until the 2026 annual shareholders' meeting is held. In August 2026, the company signed guarantee contracts with Guangfa Bank Quanzhou Branch and China Merchants Bank Xiamen Branch to provide credit guarantees for the four subsidiaries of Xiamen Seven Wolves Clothing Marketing Co., Ltd., Jinjiang Seven Wolves E-Commerce Co., Ltd., and Fujian Seven Wolves Textile & Apparel Co., Ltd. The corresponding maximum principal limits were 40 million yuan, 16 million yuan, and 90 million yuan respectively. The guarantee methods were all joint and several liability guarantees. The above guarantees are within the limits already reviewed. As of August 31, 2026, the actual guarantee balance of the company and its holding subsidiaries was $439 million, accounting for 6.51% of the net assets in the 2025 audited consolidated statement, with no overdue external guarantees.

According to the Seven Wolves announcement, the company's 2025 annual shareholders' meeting reviewed and passed a bill providing a maximum guarantee of 1,615 billion yuan for 20 subsidiaries within the scope of the merger. The amount is valid until the 2026 annual shareholders' meeting is held. In August 2026, the company signed guarantee contracts with Guangfa Bank Quanzhou Branch and China Merchants Bank Xiamen Branch to provide credit guarantees for the four subsidiaries of Xiamen Seven Wolves Clothing Marketing Co., Ltd., Jinjiang Seven Wolves E-Commerce Co., Ltd., and Fujian Seven Wolves Textile & Apparel Co., Ltd. The corresponding maximum principal limits were 40 million yuan, 16 million yuan, and 90 million yuan respectively. The guarantee methods were all joint and several liability guarantees. The above guarantees are within the limits already reviewed. As of August 31, 2026, the actual guarantee balance of the company and its holding subsidiaries was $439 million, accounting for 6.51% of the net assets in the 2025 audited consolidated statement, with no overdue external guarantees.