Chinese Universe Publishing to cut capital, secure credit, boost liquidity

Chinese Universe Publishing and Media Group announced a reduction in registered capital from RMB 1,367,505,119 to RMB 1,347,358,719 following the termination of an asset acquisition agreement with Jiangxi Publishing & Media Group. This change resulted from the latter's return of 20,146,400 previously issued shares, which Chinese Universe will repurchase at RMB 1 per share and cancel. This adjustment will also lead to revisions in the company’s Articles of Association.

In further financial moves, the company and its subsidiaries plan to apply for up to RMB 10.17 billion in bank credit lines for 2026. The company will provide guarantees for these loans totaling RMB 3.492 billion, including existing guarantees. Additionally, Chinese Universe will continue to engage in wealth management, approving the use of up to RMB 9.5 billion of idle funds to purchase wealth management products, aiming to enhance capital efficiency and returns.

These strategic financial decisions were approved during a board meeting and are pending shareholder approval at the upcoming extraordinary general meeting on December 4, 2025. The company also confirmed the reappointment of DaXin Certified Public Accountants as its auditor for 2025, with an audit fee of RMB 1.98 million.