OFILM Group updates guarantee for associate, boosts overall exposure

OFILM Group (the "Company") announced progress on its external guarantee for Anhui Jingzhuo Optoelectronics Technology Co., Ltd. ("Jingzhuo Technology"), an associate company. Jingzhuo Technology secured a 30 million yuan comprehensive credit line, for which OFILM provides a pro-rata guarantee. OFILM's anti-guarantee amount for this credit line is 14.436 million yuan, based on its 48.12% equity stake in Jingzhuo Technology.

To mitigate anti-guarantee risk, OFILM and Nanchang Jingzhuo Optoelectronics Technology Co., Ltd., a wholly-owned subsidiary of Jingzhuo Technology, signed an anti-guarantee mortgage contract. Nanchang Jingzhuo Optoelectronics will provide a mortgage on its equipment, valued at 14.4499 million yuan, to secure OFILM's right of recourse. This anti-guarantee measure falls within the scope of previously approved guarantee limits and does not require further board or shareholder approval.

As of the announcement, the total approved guarantee limit for external parties (including this guarantee) is 278.3742 million yuan, with an outstanding balance of 235.0656 million yuan, representing 6.43% of the company’s latest audited net assets. Guarantees for consolidated entities total 724 million yuan, with an outstanding balance of 543.27051 million yuan, accounting for 148.54% of the latest audited net assets. The company has no overdue guarantees or related litigation.