Yuguang Gold & Lead guarantees RMB 70m for subsidiary Shanghai Yuguang

Henan Yuguang Gold & Lead Group Co., Ltd. (Yuguang Gold & Lead) has provided a guarantee of RMB 70,000,000 for its wholly-owned subsidiary, Shanghai Yuguang Gold & Lead International Trade Co., Ltd. (Shanghai Yuguang). This latest guarantee brings the total actual outstanding guarantee balance for Shanghai Yuguang to RMB 282,495,000 as of the announcement date. The guarantee falls within the previously approved maximum guarantee limit of RMB 80,000,000,000 for Shanghai Yuguang.

The guarantee is a joint and several liability, issued to the Shanghai Pudong Branch of Shanghai Bank Co., Ltd., with a maturity date of September 7, 2026. This move aims to support Shanghai Yuguang's business expansion, aligning with the parent company's overall strategic objectives. As a wholly-owned subsidiary, Shanghai Yuguang’s operational risks are deemed controllable, ensuring no adverse impact on Yuguang Gold & Lead's normal operations or shareholder interests.

As of the disclosure date, the company's total guarantee amount stands at RMB 3,933,000,000, representing 71.40% of its latest audited net assets. Guarantees provided for controlled subsidiaries amount to RMB 2,020,000,000, or 36.67% of net assets, with no overdue external guarantees reported.