Huayu Mining secures 75m yuan loan for operations

Tibet Huayu Mining Co., Ltd. (Huayu Mining) held its sixth board meeting of the fifth board of directors on September 28, 2025, approving a resolution to secure a comprehensive credit facility from the Lhasa branch of Shanghai Pudong Development Bank. The facility, amounting to 75,000,000 yuan, is intended to provide working capital for the company's daily operations.

The loan will have a term of 12 months, commencing from the actual drawdown date, and its interest rate will be based on the one-year LPR (Loan Prime Rate) announced by the People's Bank of China on the drawdown date. The company's actual controller, Liu Jianjun, and his spouse will provide joint liability guarantees for the credit facility.

The board of directors unanimously approved the loan, with all eight directors voting in favor. This transaction is categorized as a voluntary disclosure, as it did not meet the full disclosure requirements under Shanghai Stock Exchange listing rules, but was disclosed due to business necessity.