Focus Media backs Korea subsidiary with standby letter of credit

Focus Media Information Technology announced that its wholly-owned subsidiary, Focus Media Zhimei Advertising Co., Ltd., will apply for a standby letter of credit for 63,000,000 yuan from Industrial and Commercial Bank of China, Shanghai Expo Branch. This letter of credit will secure financing for Focus Media Korea Co., Ltd. (FM Korea) from Industrial and Commercial Bank of China Limited, Seoul Branch, with a 12-month validity period. This action falls under the 500,000,000 yuan total guarantee limit approved by the board and shareholders for domestic and overseas subsidiaries.

FM Korea, a controlling subsidiary established in June 2017, had total assets of 342,419,800 yuan and net assets of 92,559,800 yuan as of September 30, 2025. This support aligns with the company's previously approved guarantee framework.

Separately, Focus Media's overseas subsidiaries, including Focus Media Development Limited (FMDL), Goldsun Focus Media Joint Stock Company Limited, and Target Media Hong Kong Limited, also secured a combined credit facility of $30,000,000 from The Hongkong and Shanghai Banking Corporation Limited. FMDL provides a guarantee for this facility up to $30,000,000. As of the disclosure date, the company's approved guarantee amount totals 550,000,000 yuan, with an actual utilization of 163,000,000 yuan and $3,000,000.