OFILM Group updates on significant external guarantee arrangements

OFILM Group, along with its subsidiaries, recently approved significant external guarantee arrangements for 2025. The total estimated guarantee amount for consolidated entities is up to RMB 724,000 million (or equivalent foreign currency), valid for 12 months from the shareholder meeting approval. This includes RMB 154,000 million for companies with a debt-to-asset ratio below 70% and RMB 570,000 million for those above 70%.

The company also approved guarantees for Anhui Jingzhuo Optoelectronic Technology, a joint venture. OFILM Group, holding 48.12% equity in Jingzhuo Technology, is providing a guarantee of up to RMB 27,837.42 million. Recently, OFILM Group and Shucheng County Industrial Investment and Development signed a maximum guarantee contract with China CITIC Bank Hefei Branch for Jingzhuo Technology. OFILM Group’s maximum guaranteed principal under this contract is RMB 1,443.57 million, reflecting its equity stake.

As of the latest figures, OFILM Group's total guarantees for unconsolidated entities, including the recent one, amount to RMB 27,837.42 million. The total outstanding balance is RMB 24,950.13 million, representing 6.82% of the company's latest audited net assets. Guarantees for consolidated entities total RMB 724,000 million in approved amount, with an outstanding balance of RMB 543,327.39 million, which is 148.56% of the company's latest audited net assets. The company has no overdue guarantee matters or litigation.