Are all PPmoney projects guaranteed by a third party?

Yes, at present, all the projects of PPmoney are guaranteed by third parties, including Guangzhou Jingcheng Guarantee Co., Ltd., Shenzhen Qianhai Fei Da Financial Services Co., Ltd., Beijing Ke Rong Zhan Jun Information Technology Co., Ltd. (hereinafter referred to as Ke Rong Zhan Jun) and Beijing Ronglian Century Information Technology Co., Ltd. Guangzhou Jingcheng, CMA Finance, Ke Rong Zhan Jun and Ronglian Century are not related parties of PPmoney, and there is no self-guarantee behavior. According to the customer service introduction of PPmoney, once the loan project is overdue and the borrower cannot repay the principal and interest on time, the third-party cooperative institution (or finance company) will advance the defaulted and overdue assets to ensure that the investor's principal and income can be repaid on time. The compensation mechanism will be started on the first working day overdue, and all members will enjoy full protection regardless of their membership level.