Henan Dayou Energy to guarantee loan for Tahe Mining

Henan Dayou Energy Co., Ltd. (SSE: 600403) announced it will provide a guarantee for a 150 million yuan loan renewal for its subsidiary, Aksu Tahe Mining Co., Ltd. (Tahe Mining). The loan, obtained from Aksu Tarim Rural Commercial Bank, is being renewed for a three-year term. Henan Dayou Energy will guarantee 80% of the loan, while the remaining 20% will be guaranteed by Aksu State-owned Capital Investment and Operation Group. As of the announcement date, Henan Dayou Energy's outstanding guarantees totaled 288 million yuan, representing 4.28% of the company's latest audited net assets. The company stated that the guarantee aims to support Tahe Mining's business development and that the risk is controllable. The board of directors has already approved the plan.