China Molybdenum outlines 2025 guarantee plan amid leadership change

China Molybdenum Co., Ltd. (SSE:603993) has announced its 2025 external guarantee plan, with a total ceiling of CNY55 billion, as approved at the Annual General Meeting held on May 30, 2025. The plan encompasses guarantees for subsidiaries, differentiating between those with asset-liability ratios above and below 70%. Up to CNY25 billion is earmarked for subsidiaries exceeding the 70% threshold and CNY30 billion for those below. As of the latest disclosure, the outstanding external guarantees amount to CNY147.63 billion, representing 20.79% of the company's net assets. Furthermore, the company has changed its legal representative, electing Mr. Liu Jianfeng as the new Chairman of the Board, replacing the previous legal representative. The company's registered capital is CNY4,299,848,124 and the company was established on December 22, 1999.