Yuguang Gold & Lead unit secures loan with asset mortgage

Henan Yuguang Gold & Lead Co., Ltd. (SSE:600531) announced that its wholly-owned subsidiary, Jiangxi Yuanfeng Nonferrous Metals Co., Ltd., plans to secure a one-year, RMB 35 million loan (USD 4.8 million) from Ganzhou Bank's Yongfeng branch. Jiangxi Yuanfeng will mortgage a portion of its factory buildings located in the Yongfeng County Industrial Park's west zone, covering a construction area of 31,270.62 square meters. The loan carries an annual interest rate of 3.2%. This move is part of Yuguang Gold & Lead's broader strategy, emphasizing its commitment to sustainable development through ESG (Environmental, Social, and Governance) practices. This mortgage arrangement falls within the purview of the board's authority and doesn't require shareholder approval. The company has established a Board of Directors Strategy and Investment Committee responsible for researching long-term strategic investments, ensuring that they align with the company’s development goals.