Zhongchuang Zhiling rebrands, restructures, adjusts customer guarantees

Zhongchuang Zhiling Industrial Technology Group Company Limited, formerly Zhengzhou Coal Mining Machinery Group Co., Ltd., has officially changed its name to "ZCZL Industrial Technology Group Company Limited." This rebranding follows an internal restructuring, with its coal machinery business to be consolidated under its wholly-owned subsidiary, Zhengzhou Coal Mining Machinery Group Co., Ltd., which will retain the "Zhengzhou Coal Mining Machinery" brand.

The company also approved an adjustment to its customer financing guarantee plan. It will provide repurchase or credit guarantees for non-affiliated customers procuring company products, with a cumulative guarantee limit of RMB2 billion, effective until the 2025 annual shareholders’ meeting. This adjustment aims to boost product sales and accelerate accounts receivable collection. The board also approved an increase in the 2025 routine related-party transaction forecast by RMB280 million, primarily due to increased sales to Anyang Iron & Steel Group Co., Ltd.

The company's total external guarantee amount as of July 31, 2025, stands at RMB412,014.47 million, representing 18.77% of its 2024 audited net assets. The board believes these changes will enhance corporate governance, optimize resource allocation, and support the company’s strategic development and market competitiveness.