ST Mobang: Fully-owned subsidiary and controlling shareholder provide guarantees of 150 million RMB to subsidiaries.

ST Mubang announced that its wholly-owned subsidiary Guangdong Bangbao Creative Toy Co., Ltd. has applied to Shantou Branch of China Minsheng Bank for a bank loan extension of 27.5064 million RMB. Its wholly-owned subsidiary Bangbao Creative Education, Weibang Warehousing, and the actual controller Liao Zhiyuan each provided joint liability guarantees of 50 million RMB, totaling 150 million RMB in guarantees. Bangbao Creative Toy provided a guarantee of 50 million RMB with production lines and machine equipment pledged. The total guarantees provided by subsidiaries and affiliated companies amounted to 150 million RMB, exceeding the original amount, and have been approved by the board of directors and shareholders' meeting. As of the announcement date, the company and its controlling subsidiaries had provided external guarantees totaling 1.765 billion RMB, accounting for 176.84% of the most recent audited net assets attributable to the parent company.