Abstract: Modeling ultra-long user behavior sequences is crucial for industrial recommendation and online advertising, yet directly feeding thousands of historical actions into ranking models is computationally prohibitive, while truncation discards long-range signals. Existing lifelong-interest methods retrieve target-relevant behaviors for each candidate, coupling long-sequence modeling with candidate scoring and repeated online cost. Recent target-independent compression methods enable cached user summaries, but often append query tokens at the sequence end and use bidirectional encoding, producing unordered and redundant summaries that overlook temporal structure. We propose ChronicleRec, a pre-train-and-transfer framework that compresses an ultra-long behavior sequence once into a chronologically ordered set of Chronicle Tokens. ChronicleRec applies a recency-aware multi-granularity merge, preserving recent behaviors while coarsening distant history. It then interleaves query tokens with the merged sequence and uses a causal encoder, so each query summarizes only the history before its temporal anchor. A multi-horizon design masks different recent-history windows across parallel branches to learn complementary long-range interests. The compressor is pre-trained with a mask-and-predict objective that reconstructs held-out recent behaviors from compressed older history, aligning historical signals with near-present intent. Since Chronicle Tokens are target-independent, they can be cached per user, decoupling ultra-long sequence modeling from online candidate scoring. Experiments on KuaiRand and Tencent AdLive show that ChronicleRec outperforms recent-window and single-pass compression baselines while approaching full-attention performance. Token analyses reveal temporally organized and complementary representations, and a seven-day online A/B test confirms significant production gains.