Dongguan Holdings: The application for the execution of the commercial factoring project of its subsidiary company has been accepted by the court.

Dongguan Holdings announced that its holding subsidiary, Hongtong Factoring Company, engaged in recourse factoring business with Ruiying Company in 2022. In March 2026, Hongtong Factoring Company submitted an "Application for Execution" to the Dongguan Intermediate People's Court, requesting Ruiying Hotel to repay the factoring principal and interest. Hongtong Factoring Company has priority repayment rights for the equivalent amount from the auction of the collateral. The court has decided to file for execution. The company recognized a credit impairment provision of 275.4136 million yuan for this debt at the end of 2025. No further impairment signs have been found at present, and the company will cooperate with the court to advance the execution and recover the funds.