Shang Hai Zheng Quan Bao·2025-08-05 19:06Core Viewpoint - The company held its second board meeting of the sixth session on August 5, 2025, where several key resolutions were passed, including providing guarantees for subsidiaries and appointing senior management [1][2][3][4][5]. Group 1: Board Meeting Resolutions - The board approved a guarantee for Phoenix Group Financial Company to provide credit to its subsidiary, Phoenix New Cloud, with a maximum guarantee amount of 48 million RMB [2][10]. - The board also approved a guarantee for the Bank of China to provide credit to its wholly-owned subsidiary, Phoenix Education, amounting to 20 million USD [3][22]. - The appointment of Sun Min as the deputy general manager was approved, with his term lasting until the end of the current board session [4][33]. Group 2: Guarantee Details - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amounted to approximately 79.1 million RMB, representing 0.41% of the company's latest audited net assets [8][22][20]. - The guarantee for Phoenix New Cloud is intended to support its operational needs, with the company having a good credit status and repayment capability [18][19]. - The guarantee for Phoenix Education is aimed at ensuring the operational liquidity of its subsidiary, Phoenix International Publishing Company, which has a good operational status [31][32].