Yuguang Gold & Lead adjusts related party deals, extends guarantees

Henan Yuguang Gold & Lead Co., Ltd. (Yuguang Gold & Lead) has adjusted its 2025 daily related party transaction forecasts. It increased expected procurement from its controlling shareholder, Henan Yuguang Group Co., Ltd., by 200 million yuan and from Henan Yuguang Zinc Industry Co., Ltd. by 300 million yuan. This adjustment, approved by the board on October 24, 2025, reflects rising metal prices affecting raw material costs and aligns with current market conditions.

Separately, Yuguang Gold & Lead will provide guarantees totaling 650 million yuan for Henan Yuguang Zinc Industry Co., Ltd., a controlled subsidiary of its controlling shareholder. This includes 350 million yuan for a credit line with Bank of Communications and 300 million yuan with China Minsheng Bank. These guarantees are part of a reciprocal guarantee framework agreement with Yuguang Group, which supports the company's financing needs.

The total guarantee amount provided by Yuguang Gold & Lead for Yuguang Group and its subsidiaries is 2.5 billion yuan, while Yuguang Group provides 8 billion yuan to Yuguang Gold & Lead and its wholly-owned subsidiaries. As of October 24, 2025, Yuguang Gold & Lead’s total external guarantee amount is 4.233 billion yuan, representing 76.84% of its latest audited net assets.