Shandong Gold adjusts guarantee limits within subsidiaries

Shandong Gold Mining Co., Ltd. (SSE:600547) announced an adjustment of guarantee limits between wholly-owned subsidiaries of its holding subsidiary, Shandong Gold International. The adjustment transfers a CNY 200,000,000 guarantee limit from Osino Gold Exploration and Mining (Pty) Ltd. to Osino Mining Investments Limited, shifting the allocation to a subsidiary with a lower asset-liability ratio. Additionally, Shandong Gold International provided a new guarantee for Sino Gold Tenya (HK) Limited to the tune of USD 3,000,000 via a guarantee to Credit Agricole Corporate and Investment Bank, Hong Kong Branch. The total guarantee amount outstanding for Shandong Gold International is CNY 455,400,000, representing 12.05% of Shandong Gold's net assets.