OFILM(SZ:002456) Shang Hai Zheng Quan Bao·2025-09-05 22:02Core Viewpoint - O-film Group Co., Ltd. has announced significant external guarantee activities, with total guarantees exceeding 100% of the latest audited net assets, raising concerns about potential risks for investors [2]. Summary by Sections 1. Overview of Guarantees - The company approved a total guarantee limit of up to RMB 724 million (or equivalent foreign currency) for its subsidiaries, with specific limits for companies with different asset-liability ratios [3]. - The guarantee limit is valid for 12 months from the date of approval by the shareholders' meeting, and any unused guarantees will automatically expire [3]. - The company can adjust the approved guarantee limits among its subsidiaries as needed [3]. 2. Progress of Guarantees - The company has entered into a tripartite agreement to provide a guarantee of RMB 1,443.6 million for a subsidiary's debt to a bank, based on its shareholding ratio [7]. - To mitigate risks, the company has secured collateral from its subsidiaries, with the collateral's book value and assessed value both at RMB 1,444.09 million [8]. - A subsequent agreement was made to provide a guarantee of RMB 2,093.22 million for another loan, with similar collateral arrangements in place [10]. 3. Total Guarantee Amount and Overdue Matters - As of now, the total approved guarantees for external units amount to RMB 27.84 million, with a total balance of RMB 22.06 million, representing 6.03% of the latest audited net assets [14]. - The total approved guarantees for the company's subsidiaries amount to RMB 724 million, with a total balance of RMB 543.12 million, which is 148.50% of the latest audited net assets [14]. - The company has no overdue guarantees or guarantee litigation [17].