Chinese Universe Publishing guarantees subsidiary's bank loan, total guarantees hit RMB2.58 bn

Chinese Universe Publishing And Media Group (the "Company") has announced a RMB0.644 billion bank credit guarantee for its first-level holding subsidiary, Beijing Langzhi Network Media Technology Co., Ltd. ("Langzhi Media"). Following this, the Company's cumulative guarantee contract balance for Langzhi Media reaches RMB2.58 billion, with actual outstanding external guarantees totaling RMB1.58 billion. This guarantee, representing 0.36% of the Company's net assets as of December 31, 2024, is part of a broader strategy to support the financing needs of its subsidiary.

The decision was approved at the Company's fifth interim shareholders' meeting on December 10, 2024, allowing the Company and its subsidiaries to apply for a total bank credit line of up to RMB101.20 billion for 2025. The guarantee, executed through a "Maximum Guarantee Contract" with DBS Bank (China) Limited Beijing Branch, is a joint and several liability. The board believes this guarantee will aid Langzhi Media's operational expansion and sustainable development, with the risks deemed manageable.

Langzhi Media, with the Company holding a 58% voting rights stake, reported total assets of RMB1.525 billion and net assets of RMB0.496 billion as of June 30, 2025 (unaudited). For the first half of 2025, it achieved operating revenue of RMB0.906 billion and a net profit of RMB0.036 billion. The Company has no outstanding overdue guarantees.