CMST Development guarantees subsidiary's ¥101 million bank credit facility

CMST Development Company Limited has provided a joint and several liability guarantee for its wholly-owned subsidiary, China National Materials Storage and Transportation (Tianjin) Co., Ltd. (CMST Tianjin), with the Bank of China Tianjin Hexi Branch. The guarantee covers a comprehensive credit facility of ¥101 million.

Including this new guarantee, the actual outstanding guarantee amount provided by CMST Development for CMST Tianjin now totals ¥55.2536 million. This guarantee falls within previously approved annual limits. CMST Development’s board and shareholders approved the 2025 annual external guarantee quota in April and May 2025, respectively. The company expects to provide guarantees for its subsidiaries' bank credit applications totaling up to ¥1.65 billion for 2025.

As of the disclosure date, CMST Development’s total external guarantee amount stands at ¥401 million, exclusively for CMST Tianjin’s bank credit facilities related to futures delivery warehouse operations. This amount represents 2.92% of CMST Development's net assets from the latest audited period, excluding futures delivery warehouse operations, with no overdue guarantees.