Chinese Universe Publishing to cut capital, secure $101.7 bn in credit lines

Chinese Universe Publishing and Media GroupCo., Ltd. will hold its third extraordinary general meeting on December 4, 2025, to address key financial and operational adjustments. A major agenda item is the reduction of registered capital and amendment of the company's articles of association. This follows the termination of an asset acquisition agreement, which will result in the company repurchasing and cancelling 20,146,400 shares from Jiangxi Publishing and Media Group Co., Ltd. for 1 yuan per share. This transaction will decrease the company's total share capital from 1,367,505,119 shares to 1,347,358,719 shares, and its registered capital from 1,367,505,119 yuan to 1,347,358,719 yuan.

Additionally, the company and its subsidiaries plan to apply for a comprehensive credit line not exceeding 101.70 billion yuan from banks in 2026. This includes providing guarantees for loans within this credit line up to 34.92 billion yuan. To optimize financial returns, the company also intends to continue using idle funds, not exceeding 95 billion yuan, to purchase wealth management products in 2026. This includes up to 1.8 billion yuan for its subsidiary, Beijing Star Times Technology Co., Ltd. The meeting will also cover the re-appointment of DaXin Certified Public Accountants (Special General Partnership) as the financial report and internal control audit institution for 2025, with an audit fee of 1.98 million yuan.