December 16，*ST Yuncheng announced，Recently，The company’s controlling shareholder Kanglv Group applied for a 1 billion yuan working capital loan from Hua Xia Bank Co., Ltd. Kunming Chengbei Branch，Term not exceeding 12 months，The company provides guarantee for Kanglv Group’s financing。

According to the announcement，The company provides joint liability guarantee；The company and its wholly-owned subsidiary Tianjin Yinrun Investment Co., Ltd. will respectively provide pledge guarantees for 19% and 51% of the equity held by Chengdu Yincheng Real Estate Co., Ltd.；The company is located at Room 2935, Yunnan City Investment 188bet online sports betting Building, No. 400 Minhang Road, Kunming.Provide mortgage guarantee for 64 square meters of commercial space；The company's subsidiary Yunnan Chengtou Longjiang Real Estate Development Co., Ltd. is located in Jinchengcai County Business Center 4207, Dam Community Neighborhood Committee, Fuhai Street Office, Xishan District, Kunming City.Provide mortgage guarantee for 49 square meters of commercial building；The company's subsidiary Taizhou Yintai Real Estate Co., Ltd. is located at 15481 Yintai City, Jiaojiang District, Taizhou City, Zhejiang Province.Provide mortgage guarantee for 79 square meters of commercial space。Kanglv Group provides a counter guarantee for the company’s guarantee in the form of joint liability guarantee。

As understood，The guaranteed party Yunnan Kanglv Holding Group Co., Ltd. was established on April 28, 2005，The registered capital is 61.4.2 billion yuan，The business scope includes the investment and construction of urban roads and infrastructure and related industry operations；Water supply, drainage and pipe network investment, 188bet app construction and management；Urban gas and pipeline network investment, construction and management；Investment and construction of urban service projects；Construction of small and medium-sized cities in the province；Urban reconstruction and real estate development；Urban transportation investment and construction, etc.。As of now，Kanglv Group and its holding subsidiary Yunnan Rongzhi Investment Co., Ltd. hold a total of 41 companies.90% equity，Kanglv Group is the company’s controlling shareholder。

It is reported，The company provides guarantee balance 54 to Kanglv Group.6.9 billion yuan，Kanglv Group provides the company with a guarantee balance of approximately 130.5.9 billion yuan；The total amount of external guarantees provided by the company and its holding subsidiaries is approximately 134.6.5 billion yuan，Accounting for -3564 of the company’s latest audited net assets.66%；The total amount of guarantees provided by the company to its holding subsidiaries is approximately 54.7.6 billion yuan，Accounting for -1449 of the company’s latest audited net assets.66%。