Simei Media provides a guarantee of 20 million yuan for its subsidiary, with overall risks being controllable

Simei Media announced the progress of guarantees for its subsidiaries. The company had previously passed a proposal to provide joint liability guarantees for its subsidiaries. This time, the company signed guarantee contracts with the Hangzhou branch of Bank of Nanjing and the Wuhou branch of Chengdu Bank, respectively providing guarantees for loans of 10 million yuan for Chuangshi Lingrui and Bafang Tengtai, both within the guarantee limit. As of the announcement date, the guarantee balance for Chuangshi Lingrui is 10 million yuan, with a remaining available limit of 60 million yuan; for Bafang Tengtai, the guarantee balance is 16.5 million yuan, with a remaining available limit of 33.5 million yuan. The company stated that the guarantees are to meet the operational development needs of its subsidiaries, with controllable risks. Currently, the total external guarantee balance of the company and its holding subsidiaries is 196.7358 million yuan, accounting for 14.28% of the audited net assets attributable to the parent for 2024, with no overdue or abnormal guarantee situations