Renrenle Commercial Group Co.Ltd(002336) : Announcement on the progress of applying for credit line and asset mortgage from China Construction Bank Corporation(601939)

Renrenle Commercial Group Co.Ltd(002336) announcement on the progress of applying for credit line and asset mortgage from China Construction Bank Corporation(601939)

Securities code: 002336 securities abbreviation: Renrenle Commercial Group Co.Ltd(002336) Announcement No.: 2022-005

Renrenle Commercial Group Co.Ltd(002336)

Announcement on the progress of applying for credit line and asset mortgage from China Construction Bank Corporation(601939)

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

1、 Basic information of applying to China Construction Bank Corporation(601939) for credit line and asset mortgage

On November 29, 2021, Renrenle Commercial Group Co.Ltd(002336) (hereinafter referred to as “the company”) held the 20th (Interim) meeting of the Fifth Board of directors, deliberated and adopted the proposal on applying for credit line and asset mortgage from China Construction Bank Corporation(601939) .

The board of directors agreed that the company applied to China Construction Bank Corporation(601939) for a comprehensive credit line of no more than RMB 400 million to meet the daily operation capital needs. Xi’an gaolongsheng commercial operation management Co., Ltd., a wholly-owned subsidiary, provided mortgage guarantee for the credit with its own property and assumed joint and several guarantee responsibilities.

For details, see the announcement on applying for credit line and asset mortgage from China Construction Bank Corporation(601939) published on cninfo.com on November 30, 2021.

2、 Progress of application for credit line and mortgage of assets {6019}

1. Signing of relevant contracts

On January 30, 2022, the company signed the comprehensive financing quota contract with China Construction Bank Corporation(601939) Shenzhen Branch, and China Construction Bank Corporation(601939) Shenzhen Branch provided the company with a total comprehensive financing quota of up to 400 million yuan (currency).

On the same day, Xi’an gaolongsheng commercial operation management Co., Ltd. and China Construction Bank Corporation(601939) Shenzhen Branch signed the Xi’an real estate mortgage contract.

2. Collateral and mortgage registration

According to the above contract, Xi’an Longsheng Commercial Management Co., Ltd. completed the operation on February 2022

Renrenle Commercial Group Co.Ltd(002336) announcement on the progress of applying for credit line and asset mortgage from China Construction Bank Corporation(601939)

Relevant mortgage registration procedures, and obtained the real estate registration certificate (Shaanxi (2022) Xi’an real estate certificate No. 0011766). The specific contents are as follows:

(1) Right or matter to prove: Mortgage

(2) Obligee: China Construction Bank Corporation(601939) Shenzhen Branch

(3) Obligor: Xi’an gaolongsheng commercial operation management Co., Ltd

(4) Location: room 10000, building 10b1, southeast corner of Zhangba East Road and Dongyi Road, Yanta District, Xi’an

(5) Real estate certificate No.: 20171187291

(6) Mortgage method: maximum mortgage

(7) Maximum amount of creditor’s rights: 40 million yuan

(8) Credit confirmation period: January 30, 2022 to November 23, 2022

3、 Impact on the company and its subsidiaries

In addition to the above mortgage guarantee, the company has no other guarantee matters. The above mortgage guarantee is to ensure the smooth progress of the company and its subsidiaries’ application for credit and financing from the bank and meet the capital needs related to the operation of the company and its subsidiaries. Relevant mortgages will not affect the operation of the company and its subsidiaries.

4、 Documents for future reference

1. Comprehensive financing limit contract;

2. Xi’an real estate mortgage contract;

3. Real estate registration certificate.

It is hereby announced.

Renrenle Commercial Group Co.Ltd(002336) board of directors

February 16, 2022

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