Evening of March 23rd，Xinhualian Cultural 188bet login Development Co., Ltd. issued an announcement on the progress of providing guarantees for subsidiary financing。

Guandian Real Estate New Media learned in the announcement，To meet project development and operation needs，Tangshan Xinhualian Real Estate Co., Ltd., a wholly-owned subsidiary indirectly held by Xinhualian, signed a "Real Estate Loan Contract" with Tangshan Youyi Road Branch of Cangzhou Bank Co., Ltd.，Cangzhou Bank Youyi Road Branch issued a loan to Tangshan Xinhualian，Used to pay for projects, etc.，The loan amount is RMB 3.200 million 188bet login，Loan term is 1 year。

Xinhualian signed the "Maximum Guarantee Contract" with Cangzhou Bank Youyi Road Branch regarding the above financing matters，Provide joint liability guarantee for this financing matter，The scope of guarantee includes but is not limited to the principal and interest of claims under the main contract、Compound interest、Penalty interest、Liquidated damages、Damages and actual expenses incurred by Cangzhou Bank Youyi Road Branch to realize claims。The guarantee period is two years from the expiration of the loan performance period。

At the same time，Tangshan Xinhualian signed the "Maximum Mortgage Contract" with Youyi Road Branch of Cangzhou Bank，Provide mortgage guarantee for part of the real estate under its name。

Disclosed in the announcement，The registered capital of Tangshan Xinhualian is 100 million 188bet login，Mainly engaged in real estate development and operation、Property management of own houses, etc.，As of the end of 2018 (audited)，The total assets of Tangshan New Hualian are about 19.0.7 billion 188bet login， Total liabilities are about 14.2.6 billion 188bet login，Net worth about 4.800 million 188bet login;2018 operating income 2.4.8 billion 188bet login，Total profit 3.6.1 billion 188bet login，Net profit 2.8.9 billion 188bet login。

As of September 30, 2019 (unaudited)，Total assets of Tangshan New Hualian 15.8.5 billion 188bet login， Total liabilities are about 10.900 million 188bet login，Net worth 4.9.5 billion 188bet login。Operating income from January to September 2019 is about 1.8.8 billion 188bet login，Total profit 1656.290,000 188bet login，Net profit 1486.360,000 188bet login。

After this guarantee is provided，The total balance of external guarantees provided by Xinhualian and its holding subsidiaries is 187.3.5 billion 188bet login，Accounting for 240% of the company’s latest audited net assets.89%。

*Source of this article: Guandian Real Estate Network, original title: "Xinhualian is a subsidiary of Tangshan 3.Provide joint liability guarantee for 200 million 188bet login loan》.