Visual China Group guarantees subsidiary's ¥50m loan

Visual China Group (VCG) recently entered into a "Maximum Guarantee Contract" with Nanjing Bank Co., Ltd., Beijing Branch, to provide a joint and several liability guarantee for its wholly-owned subsidiary, Beijing Hishine Visual Technology Group Co., Ltd. This guarantee covers a maximum financing balance of ¥50 million under a bank financing contract.

This guarantee aligns with the ¥100 million guarantee quota approved for Beijing Hishine Visual Technology Group Co., Ltd. at the company's tenth board of directors' twenty-second meeting on April 23, 2025, and subsequently at the 2024 annual shareholders' meeting. The guarantee period for this transaction is three years from the expiry of the performance period of the debts under the main contract.

As of the announcement date, the total authorized guarantee amount approved by the shareholders' meeting is ¥413.315 million. Following this transaction, VCG's total outstanding guarantees for its subsidiaries (including wholly-owned and controlled subsidiaries) will be ¥159.50 million, representing 4.47% of the company's most recent audited net assets. VCG has no other external guarantees, overdue guarantees, or guarantees involved in litigation that could lead to losses.