Shandong Publishing provides 18.12bn yuan guarantees for subsidiaries

Shandong Publishing & Media has provided bank credit guarantees totaling 18.12 billion yuan for its wholly-owned subsidiaries: Shandong Printing Materials Co., Shandong Publishing Foreign Trade Co., and Shandong Gaozhi Publishing International Trade Co.

The guarantees include 0.50 billion yuan for the materials company, 15.62 billion yuan for the foreign trade company, and 2.00 billion yuan for Gaozhi. The actual outstanding guarantee balance for these three subsidiaries is 87.69847 billion yuan.

The guarantees represent 12.13% of the company's net assets and are valid until June 30, 2026.