Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-09 23:07Core 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].