Yitai Coal adjusts guarantees, boosts subsidiary capital for energy project

Inner Mongolia Yitai Coal (SSE:900948) announced a RMB 1.7 bn adjustment in guarantee limits among its holding subsidiaries for 2025. This reallocation transfers unused guarantee capacity from five subsidiaries to Yitai Yili Energy Co., Ltd., increasing the latter's guarantee limit from RMB 960m to RMB 1.13 bn. This adjustment falls within the RMB 21.15 bn total guarantee limit approved for 2025.

Concurrently, Yitai Coal, along with Inner Mongolia Yitai Group, will increase the registered capital of Yitai Yili Energy Co., Ltd. by a total of RMB 3.10865 bn. Yitai Coal will contribute RMB 2.804 bn, and Yitai Group will contribute RMB 304.65m, maintaining existing shareholding percentages. This will raise Yitai Yili Energy's registered capital from RMB 3.84 bn to RMB 6.94865 bn to support the construction of its 1 million tons/year coal-to-oil demonstration project.

In other news, the company’s deputy general manager, Bian Zhibao, resigned due to work adjustments but will continue as a director. The board appointed Zhai Guangwei as the new deputy general manager. The company reported RMB 699.6797m in actual guarantees for August 2025. As of the announcement date, the total external guarantees for Yitai Coal and its subsidiaries amounted to RMB 31.332 bn, representing 65.09% of its net assets. All guarantees were within the consolidated reporting scope, with no overdue or irregular guarantees.