Core Viewpoint - The company, Zhongwen Media, held its second board meeting of 2025 on November 18, 2025, to discuss the proposal for the third extraordinary shareholders' meeting of 2025 [1] Financial Performance - For the first half of 2025, Zhongwen Media's revenue composition is as follows: Publishing accounted for 37.34%, Integrated Marketing for 25.69%, Distribution for 24.41%, New Business for 16.27%, and Material Trade for 7.29% [1] Market Position - As of the report date, Zhongwen Media has a market capitalization of 15.5 billion yuan [1]

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 1.321 billion yuan, accounting for 7.39% of the company's audited net assets as of December 31, 2024 [2] - The actual cumulative balance of external guarantees provided by the company is 571 million yuan, which represents 3.19% of the company's audited net assets as of December 31, 2024 [2] Group 2 - For the year 2024, the composition of Zhongwen Media's operating revenue is as follows: publishing accounts for 42.41%, distribution business for 41.69%, new business formats for 14.6%, integrated marketing for 14.04%, material trade for 6.28%, and other businesses for 5.86% [2]