Bona Film Group: Providing guarantee for a credit line of 300 million yuan for its subsidiary.
BoNa Pictures announced that the company and its wholly-owned subsidiaries provided joint liability guarantee for a 300 million yuan credit line to Beijing Bank's Hongxing Branch. BoNa International Film Investment pledged 100% equity of its five wholly-owned subsidiaries as collateral, and the five subsidiaries also provided mortgage guarantees. The shareholders' meeting has approved a guarantee amount not exceeding 4.993 billion yuan. As of the disclosure date of the announcement, the company and its controlling subsidiaries had an external guarantee balance of 2.79 billion yuan, accounting for 52.84% of the latest audited consolidated net assets, with no overdue external guarantees.
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