Actually, Smart Home Furnishing announced that the company's wholly-owned subsidiary Home Furnishing Chain previously received a maximum factoring financing service of 740 million yuan from the Beijing Dongcheng Branch of the Industrial and Commercial Bank. Following recent negotiations, Shanxi Kuncheng, a wholly-owned commercial property, plans to provide collateral for the principal claim with the real estate it holds in Building 1, No. 333 Yingjie Street, Wanbolin District, Taiyuan City, with a construction area of 126,888.67 square meters. There is no need to submit this mortgage guarantee matter to the company's board of directors and shareholders' meeting for consideration. Up to now, the company and its holding subsidiaries have an external guarantee balance of 4.715 billion yuan, accounting for 24.75% of the most recent audited net assets; the guarantee balance for units outside the consolidated statement is 0.

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