Henan Dayou Energy guarantees Tahe Mining loan, boosting subsidiary's development

Henan Dayou Energy Co., Ltd. announced a guarantee for a CNY 100 million working capital loan for Akesu Tahe Mining Co., Ltd., an indirectly held subsidiary. The three-year loan will be processed by Xinjiang Bank Aksu Branch. Henan Dayou Energy will provide an 80% joint liability guarantee, with the remaining 20% guaranteed by Aksu City State-owned Capital Investment and Operation Group Co., Ltd., another shareholder in Tahe Mining. This was approved by the company's board of directors on August 27, 2025.

As of the disclosure date, the company's cumulative external guarantee balance is CNY 498 million, excluding this latest guarantee, representing 8.79% of its net assets from the most recent audited period. This guarantee is within the board of directors’ approval authority and does not require shareholder approval. The transaction aims to support the business development of Tahe Mining, which is under the company's control and maintains a good credit standing.

The financial evaluation of Henan Energy Group Finance Co., Ltd., a controlling subsidiary of Henan Energy Group (the ultimate parent of Henan Dayou Energy), confirms its sound financial position with a capital adequacy ratio of 46.49%, a liquidity asset to liability ratio of 49.05%, and no non-performing loans, indicating controlled risk in financial services provided to Henan Dayou Energy.