If there is a numbered list with referral links. 99% it's low effort referral spam trash. How they don't already filter this must be some sort active sabatague
Such links are relatively easy to hide from Google (obfuscate behind a redirect or inject with JS on user action), so if Google started using the links as a signal, spammers would hide the links, and invert the signal — only non-spammers who don't want to risk being delisted for cloaking would be left with the links, and penalized for them.