Focus Media: Wholly-owned subsidiary plans to open a standby letter of credit of 63 million yuan to provide financing guarantees for its subsidiary.

date
22/12/2025
Focus Media announced that its wholly-owned subsidiary Focus Intelligence Media intends to apply to the Shanghai World Expo Branch of Industrial and Commercial Bank of China for the opening of a standby Letter of Credit in the amount of 63 million yuan to support the overseas business development, to provide guarantee for the overseas financing of its holding subsidiary FMKorea, with a term of 12 months and a guarantee fee of 252,000 yuan. As of September 30, 2025, FMKorea's total assets were 342 million yuan, net assets attributable to the parent were 92.5598 million yuan, and the revenue for the first three quarters of 2025 was 257 million yuan, with a net profit of 44.1149 million yuan. As of the disclosure date of the announcement, the company and its holding subsidiaries had approved guarantee quotas of 550 million yuan, with actual usage of 163 million yuan and 30 million USD.