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Yuguang Gold & Lead provides CNY 30m guarantee

May 20, 2025 at 05:55 AM UTCBy FilingReader AI

Henan Yuguang Gold & Lead (SSE:600531) announced it is providing a CNY 30 million guarantee for its wholly-owned subsidiary, Shanghai Yuguang Gold & Lead International Trade Co., Ltd. The guarantee was formalized through a "Maximum Guarantee Contract" signed with Shengjing Bank, Shanghai Putuo Branch, on May 15, 2025. With this new guarantee, the total outstanding guarantees provided by Yuguang Gold & Lead to Shanghai Yuguang reaches CNY 37,249.75 million, and is within the previously approved limit authorized by the shareholders' meeting. The company states that this guarantee is necessary for Shanghai Yuguang's business development and aligns with the company's overall strategy. As of the announcement date, Yuguang Gold & Lead's total guarantee amount is CNY 319.800 million, representing 58.05% of its latest audited net assets.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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