Core Viewpoint - The company is providing a financial assistance of up to 70 million yuan to its subsidiary, Beijing Zhongshi Beifang Film and Television Production Co., Ltd., through a entrusted loan to support its working capital needs [1][2][4]. Financial Assistance Overview - The financial assistance is structured as an entrusted loan with a maximum amount of 70 million yuan, a term of no more than 7 months, and an interest rate of no less than 2.1% [1][4]. - The board of directors has approved the proposal, and it does not require shareholder meeting approval [1][2]. Subsidiary Information - Beijing Zhongshi Beifang Film and Television Production Co., Ltd. was established on October 17, 2000, with a registered capital of 50 million yuan [2][3]. - The subsidiary's main business includes program production, technical development services, and film equipment leasing [2][3]. - Key financial data for the subsidiary includes total assets of 258.85 million yuan, total liabilities of 65.81 million yuan, net assets of 193.04 million yuan, and operating income of 404.25 million yuan [2][3]. Risk Management and Oversight - The company will closely monitor the subsidiary's operational and financial status to ensure the safe use of funds and timely repayment [2][4]. - The total amount of the entrusted loan represents 5.44% of the company's most recent audited net assets, indicating a manageable impact on the company's operations [4][5]. Board of Directors' Opinion - The board has conducted a comprehensive assessment of the subsidiary's asset quality, operational status, industry outlook, debt repayment ability, credit status, and performance capability, concluding that the loan will positively impact the subsidiary's operations and is within manageable risk levels [5]. Previous Financial Assistance - As of the announcement date, the company has not provided any financial assistance to the subsidiary prior to this loan [5].