Core Viewpoint - The resignation of Zhang Lei, the president and director of Zhixing Star, is expected to have no adverse impact on the company's operations, as stated by the company [2] Group 1: Management Changes - Zhang Lei resigned from his positions on January 12, 2026, due to personal reasons, effective immediately [2] - The company confirmed that the resignation of Zhang Lei had been anticipated, as he was previously suspended for major work errors in October 2025 [4] - The company is currently undergoing an internal investigation regarding the circumstances of Zhang Lei's suspension, which is still ongoing [4] Group 2: Company Background - Zhixing Star, established in 2008, is a mobile game developer and operator focused on the global market, founded by Tang Binsen, known for the beverage brand "Yuanqi Forest" [5] - The company was once a representative of the gaming industry's "going global" trend, having launched several successful games, including the hit SLG mobile game "Clash of Kings" in 2014 [6] Group 3: Financial Performance - Zhixing Star's financial performance has been declining since its peak in 2016, when it achieved a revenue of 4.738 billion and a net profit of 611 million [7] - From 2021 to 2024, the company's revenue decreased from 1.841 billion to 1.236 billion, while net profit halved from 849 million to 356 million [7] - In the first half of 2025, the company reported a revenue of 551 million, a year-on-year decrease of 20.7%, and a net profit of 111 million, down 47.15% year-on-year [7] Group 4: Future Strategy - Following Zhang Lei's departure, the company aims to focus on developing competitive new products, emphasizing innovation and reform within its organizational structure [8] - The company plans to concentrate resources on supporting high-quality projects through a newly established incubation mechanism, aiming to bring competitive products to market quickly [8]

1.公司本次为蓝海国贸提供的银行授信担保为2.30亿元。本次担保后，公司为蓝海国贸提供的担保合同 累计余额为5.53亿元，其中实际发生的对外担保累计余额为2.96亿元。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 被担保人名称 中文天地出版传媒集团股份有限公司（以下简称公司）二级全资子公司：江西蓝海国际贸易有限公司 （以下简称蓝海国贸）。 ● 本次担保金额及已实际为其提供的担保余额 2.本次担保后，公司为所属子公司银行授信提供担保合同累计余额为15.52亿元（含2025年度担保余 额），其中实际发生的对外担保累计余额为8.53亿元。子公司为母公司银行授信提供担保合同累计余额 为0亿元（含2025年度担保余额），其中实际发生的担保累计余额为0亿元（不含本次担保）。 ● 本次担保不存在反担保 ● 对外担保逾期担保的累计数量：无 ● 特别风险提示：本次被担保方中的蓝海国贸最近一期末的资产负债率超过70%，为其担保金额为2.30 亿元，敬请投资者注意相关风险。 一、担保情况概述 （一）本次担保决策情况 2025 ...

证券代码：600373 证券简称：中文传媒 公告编号：临2026-003 中文天地出版传媒集团股份有限公司 关于为下属子公司江西蓝海国际贸易有限公司提供担保的实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 被担保人名称 中文天地出版传媒集团股份有限公司（以下简称公司）二级全资子公司：江西蓝海国际贸易有限公司 （以下简称蓝海国贸）。 ● 本次担保金额及已实际为其提供的担保余额 1.公司本次为蓝海国贸提供的银行授信担保为2.30亿元。本次担保后，公司为蓝海国贸提供的担保合同 累计余额为5.53亿元，其中实际发生的对外担保累计余额为2.96亿元。 2.本次担保后，公司为所属子公司银行授信提供担保合同累计余额为15.52亿元（含2025年度担保余 额），其中实际发生的对外担保累计余额为8.53亿元。子公司为母公司银行授信提供担保合同累计余额 为0亿元（含2025年度担保余额），其中实际发生的担保累计余额为0亿元（不含本次担保）。 ● 本次担保不存在反担保 ● 对外担保逾期担保的累计数量：无 ● 特别风险提 ...

Group 1 - The publishing sector experienced a significant increase of 6.55% on January 12, with Zhongwen Online leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] - Zhongwen Online's stock price rose by 20.00% to 34.98, with a trading volume of 1.4284 million shares and a transaction value of 4.634 billion [1] Group 2 - The net inflow of main funds in the publishing sector was 1.316 billion, while retail funds saw a net outflow of 474 million [1] - Zhongwen Online had a main fund net inflow of 634 million, accounting for 13.68% of its trading volume, while retail funds had a net outflow of 262 million [2] - Nanfang Media reported a main fund net inflow of 109 million, representing 30.53% of its trading volume, with retail funds experiencing a net outflow of 46.82 million [2]

证券代码：600373 证券简称：中文传媒 公告编号：临 2026-003 中文天地出版传媒集团股份有限公司 关于为下属子公司江西蓝海国际贸易有限公司提供 担保的实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 被担保人名称 （一）本次担保决策情况 中文天地出版传媒集团股份有限公司（以下简称公司）二级全资子公司：江 西蓝海国际贸易有限公司（以下简称蓝海国贸）。 ● 本次担保金额及已实际为其提供的担保余额 1.公司本次为蓝海国贸提供的银行授信担保为 2.30 亿元。本次担保后，公 司为蓝海国贸提供的担保合同累计余额为 5.53 亿元，其中实际发生的对外担保 累计余额为 2.96 亿元。 2.本次担保后，公司为所属子公司银行授信提供担保合同累计余额为 15.52 亿元（含 2025 年度担保余额），其中实际发生的对外担保累计余额为 8.53 亿元。 子公司为母公司银行授信提供担保合同累计余额为 0 亿元（含 2025 年度担保余 额），其中实际发生的担保累计余额为 0 亿元（不含本次担保）。 ● 本次担 ...

Core Viewpoint - The company has provided a bank credit guarantee of 230 million yuan to its subsidiary, Blue Ocean International Trade, to support its daily operations, raising concerns about the company's financial leverage and risk exposure [1] Group 1: Guarantee Details - The company signed guarantee contracts with Industrial and Commercial Bank of China and Bank of China for a total of 230 million yuan [1] - After this guarantee, the cumulative balance of guarantees for Blue Ocean International Trade reaches 553 million yuan, with actual external guarantees totaling 296 million yuan [1] - The cumulative balance of guarantees for the company's subsidiaries is 1.552 billion yuan, with actual external guarantees amounting to 853 million yuan [1] Group 2: Financial Metrics - As of the end of 2024, Blue Ocean International Trade's asset-liability ratio is expected to exceed 70%, indicating a high level of financial leverage [1] - Investors are advised to pay attention to the associated risks due to the high asset-liability ratio [1]

Core Viewpoint - The company has provided a bank credit guarantee of 0.5155 billion RMB to its subsidiary, Beijing Langzhi Network Media Technology Co., Ltd., increasing the total guarantee amount to 2.29 billion RMB, which is aimed at supporting the subsidiary's operational needs and improving asset efficiency [1][3][9]. Group 1: Guarantee Details - The total bank credit guarantee provided by the company to Langzhi Media is 0.5155 billion RMB, which represents 0.29% of the company's audited net assets as of December 31, 2024 [3][9]. - The cumulative balance of guarantees provided by the company to its subsidiaries is 15.52 billion RMB, accounting for 8.68% of the company's audited net assets as of December 31, 2024 [9]. - The actual amount of external guarantees that have occurred is 8.47 billion RMB, which is 4.74% of the company's audited net assets as of December 31, 2024 [9]. Group 2: Subsidiary Information - Beijing Langzhi Network Media Technology Co., Ltd. was established on May 31, 2013, with a registered capital of 105.46 million RMB and is 58% controlled by the company [5]. - As of December 31, 2024, Langzhi Media reported total assets of 1.433 billion RMB, total liabilities of 973 million RMB, and net assets of 460 million RMB, with a net profit of 93 million RMB for the year [5]. - For the first nine months of 2025, Langzhi Media's total assets were 1.622 billion RMB, total liabilities were 1.094 billion RMB, and net assets were 529 million RMB, with a net profit of 68 million RMB [5]. Group 3: Guarantee Agreement - The guarantee is formalized through a "Maximum Guarantee Contract" with China Everbright Bank, covering principal, interest, penalties, and other related costs [6][8]. - The guarantee amount is capped at 0.5155 billion RMB, with a guarantee period extending three years from the debt maturity date [7][8]. - The board of directors has approved the guarantee as a necessary measure to support the subsidiary's financing needs, ensuring that the risks remain manageable [8][9].

Group 1 - The company, Zhongwen Media, announced that as of the date of the announcement, the cumulative balance of guarantees provided for bank credit to its subsidiaries is 1.552 billion yuan, which accounts for 8.68% of the company's audited net assets as of December 31, 2024 [1] - The actual cumulative balance of external guarantees that the company has incurred is 847 million yuan, representing 4.74% of the company's audited net assets as of December 31, 2024 [1]

证券代码：600373 证券简称：中文传媒 公告编号：临 2026-002 中文天地出版传媒集团股份有限公司 关于为下属子公司北京朗知网络传媒科技股份有限 公司提供担保的实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 被担保人名称 中文天地出版传媒集团股份有限公司（以下简称公司）一级控股子公司：北 京朗知网络传媒科技股份有限公司（以下简称朗知传媒）。 ● 本次担保不存在反担保。 ● 对外担保逾期担保的累计数量：无。 一、担保情况概述 （一）本次担保决策情况 2025 年 12 月 4 日，公司召开 2025 年第三次临时股东会，审议通过《关于 2026 年度公司及所属子公司向银行申请综合授信额度及为综合授信额度内贷款 提供担保的议案》，根据公司生产经营及投资活动计划的资金需求，公司及所属 子公司 2026 年度拟申请银行综合授信总额不超过人民币 101.70 亿元，具体融资 金额将视公司及所属子公司运营资金及各家银行实际审批的授信额度来确定，该 银行综合授信额度包括为所属子公司银行综合授信额度内贷 ...

Core Viewpoint - The publishing sector experienced a decline of 0.77% on January 7, with Southern Media leading the drop. The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1]. Group 1: Stock Performance - Longyuan Media (605577) closed at 13.57, up 2.65% with a trading volume of 84,900 shares and a transaction value of 116 million yuan [1]. - Xinhua Media (600825) closed at 6.41, up 1.58% with a trading volume of 203,200 shares and a transaction value of 130 million yuan [1]. - Southern Media (601900) closed at 13.27, down 3.77% with a trading volume of 189,600 shares and a transaction value of 254 million yuan [2]. - The overall publishing sector saw a net outflow of 304 million yuan from institutional funds, while retail investors contributed a net inflow of 177 million yuan [2]. Group 2: Fund Flow Analysis - Tianzhou Culture (300148) had a net inflow of 17.93 million yuan from institutional investors, while retail investors had a net outflow of 15.11 million yuan [3]. - Xinhua Media (600825) saw a net inflow of 16.84 million yuan from institutional investors, with retail investors experiencing a net outflow of 14.50 million yuan [3]. - The overall trend indicates that institutional funds are withdrawing from the publishing sector, while retail investors are showing some interest [2][3].