Smart Finance APP News, gr life style (00108) announced that, after the trading session on November 7, 2024, the company's indirect wholly-owned subsidiary Peking Wanhongtong and Dalian Bank entered into a guarantee contract and mortgage contract. Accordingly, Peking Wanhongtong agreed to assume joint liability for the repayment obligations of borrower Peking Zhonghe Hongrun Technology Co., Ltd. under the loan agreement, and to mortgage the said properties with Dalian Bank as the beneficiary to facilitate the borrower's borrowing. In return, the borrower must pay Peking Wanhongtong a guarantee fee of 1% per year based on the actual withdrawn amount by the borrower according to the loan agreement.