Henan Dayou Energy guarantees 100 million yuan subsidiary financing

Henan Dayou Energy will provide a joint liability guarantee for its subsidiary's 100 million yuan financing lease. The subsidiary, a mining company, secured the 36-month lease at 4.5% annual interest rate.

The guarantee covers all obligations to the lessor. A counter-guarantee will be provided by the mining unit's other shareholder.

Henan Dayou Energy's total outstanding external guarantees stand at 420 million yuan, representing 7.42% of its net assets.