Shandong Gold seeks approval for 4.29 bn yuan in subsidiary guarantees

Shandong Gold Mining Co., Ltd. announced a supplemental notice for its 2025 fifth extraordinary general meeting (EGM) to be held on December 24, 2025. The EGM will consider and approve a resolution regarding an estimated guarantee amount provided by Shanjin International, a controlling subsidiary of Shandong Gold, to its own subsidiaries. The total estimated guarantee amount is 4.29 billion yuan, valid from January 1, 2026, to December 31, 2026.

Of this amount, 3.93 billion yuan is allocated for subsidiaries with an asset-liability ratio of less than 70%, and 360 million yuan for those exceeding 70%. The total guarantee amount can be reused in a recurring manner, but the external guarantee balance for Shanjin International at any given time will not exceed 4.29 billion yuan. These guarantees are intended to support the normal production, operational development, and financing efficiency of Shanjin International's subsidiaries.

The board of directors views the proposed resolution as fair and reasonable and in the best interests of the company and its shareholders. Shandong Gold Group Company, the controlling shareholder, holding approximately 43.99% of the company's issued share capital, must abstain from voting on this resolution.