BlueFocus subsidiaries guarantee parent company's RMB 800m credit facility

Beijing BlueFocus Data Technology Group Co., Ltd. announced that its wholly-owned subsidiaries, Shanghai BlueFocus Brand Management Co., Ltd. and Beijing BlueFocus PR Management Co., Ltd., will provide a joint liability guarantee for the company's RMB 800 million comprehensive credit facility from Shanghai Pudong Development Bank Beijing Branch. The credit facility has a one-year term and covers short-term working capital loans, domestic letters of credit, and buyer's undertakings. The guarantee amount will not exceed RMB 800 million, and the guarantee period will not exceed one year.

As of the announcement date, BlueFocus and its subsidiaries have no overdue external guarantees. The total accumulated external guarantees provided by the company and its subsidiaries (excluding guarantees for subsidiaries) is RMB 0. However, the actual total guarantee amount provided by the company for its subsidiaries is RMB 3,492,103,000, representing 46.05% of the company's net assets as per the latest audited period.

The decision has been approved, with both Shanghai BlueFocus Brand Management Co., Ltd. and Beijing BlueFocus PR Management Co., Ltd. having completed the necessary review procedures for this guarantee matter.