Ccoop Group Co.Ltd(000564) : Reply on releasing the land mortgage guarantee of Loudi new cooperative Chende Real Estate Co., Ltd

Ccoop Group Co.Ltd(000564) : reply to the release of land mortgage guarantee of Loudi new cooperative Chende Real Estate Co., Ltd.: Ccoop Group Co.Ltd(000564) whereas: on December 1, 2018, Hunan Xinhe Xiangzhong international logistics park investment and Development Co., Ltd. (hereinafter referred to as “Xiangzhong International Logistics Park Company”) and Hunan Xinhe Industrial Investment Co., Ltd. (hereinafter referred to as “Industrial Company”) signed the loan contract (hereinafter referred to as “loan contract 1”). The loan contract 1 stipulates that Xiangzhong international logistics park company borrows 150 million yuan from the industrial company and provides loan guarantee to the industrial company with its land and two pieces of land to be delisted by its subsidiary Loudi new cooperative Chende Real Estate Co., Ltd. (hereinafter referred to as “Chende company”). On January 21, 2020, Xiangzhong International Logistics Park Company borrowed another 30 million yuan from the industrial company and signed the loan contract