I. Overview of Guarantees
To meet the financial service requirements of Simi Media Co., Ltd. (hereinafter referred to as "the Company"), it has obtained preferential banking interest rates and financing capabilities. Simi Media has specifically applied for a guarantee from April 17, 2025, to May 9, 2025, for the upcoming annual shareholders' meeting in 2024, to provide guarantees for its subsidiary's business operations.
The specific details are as follows: The Company disclosed in its report dated April 19, 2025, that it would provide guarantees for its subsidiary, Sichuan Yiba Tong Technology Co., Ltd. (hereinafter referred to as "Yiba Tong"), with a guarantee amount exceeding 70% of its total liabilities.
II. Guarantee Progress
The Company, through its subsidiary, has signed a guarantee agreement with Industrial Bank Co., Ltd. (hereinafter referred to as "Industrial Bank") for a total guarantee amount of 14 million yuan.
This guarantee is intended for the 2024 annual shareholders' meeting to review the guarantee amount of 30 million yuan, which will be submitted for approval.
III. Basic Information of the Guaranteed Party
Company Name: Sichuan Yiba Tong Technology Co., Ltd.
IV. Key Content of the Guarantee
Guarantee Party: Simi Media Co., Ltd.
Guarantor: Industrial Bank Co., Ltd.
Debtor: Sichuan Yiba Tong Technology Co., Ltd.
V. Board of Directors' Opinion
The board believes that providing guarantees for Sichuan Yiba Tong Technology Co., Ltd. is beneficial for the Company and its financial stability. The board recommends that the guarantee amount be approved at the 2024 annual shareholders' meeting.