Junzheng Group provides CNY 15.3m guarantee for subsidiary

Inner Mongolia Junzheng Energy & Chemical Group (SSE:601216) announced it has provided a CNY 15.3 million guarantee for Lianyungang Port International Petrochemical Storage Co., its subsidiary through Shanghai Junzheng Logistics, in May 2025. This guarantee falls within the total approved limit of CNY 16.7 billion for 2025, as approved in the company's recent board and shareholder meetings. With this new guarantee, Junzheng Group's cumulative guarantees to Lianyungang Port Storage total CNY 51.02 million. Lianyungang Port Storage's latest audited debt-to-asset ratio exceeds 70%. As of May 31, 2025, the company's approved but unused guarantee quota stands at CNY 166.85 billion, and the total outstanding guarantees, all for subsidiaries, amount to CNY 8.582 billion, representing 31.51% of the parent company's net assets.