Anyang Steel board greenlights diverse financing, guarantees for subsidiaries

Anyang Iron & Steel Co., Ltd. held its 15th extraordinary board meeting on November 14, 2025, approving several key financial strategies. The board sanctioned a RMB 100 million direct financial lease for its subsidiary, Henan Anyang Steel South Electromagnetic New Materials Technology Co., Ltd., with Henan Jiuding Financial Leasing Co., Ltd., spanning three years. Concurrently, Anyang Iron & Steel will provide a joint liability guarantee for this lease.

The company further approved a comprehensive credit line application of up to RMB 26 bn from multiple financial institutions over three years. Additionally, Anyang Iron & Steel will establish a floating pledge arrangement of up to RMB 300m with Shandong Gangxin Capital Investment Co., Ltd. for imported iron ore purchases, using steel billets as collateral. A trust loan of up to RMB 400m from CITIC Trust Co., Ltd., secured by company assets, was also approved, with its subsidiary Henan Anyang Steel Zhoukou Iron & Steel Co., Ltd. as a co-debtor.

Further supporting its subsidiaries, Anyang Iron & Steel will provide a joint liability guarantee for Zhoukou Iron & Steel's RMB 150m leaseback financing with Zhejiang Chouzhou Financial Leasing Co., Ltd., for a term of three years. The board also approved a joint liability guarantee for Anyang Steel Group Cold Rolling Co., Ltd.'s new RMB 57m bank credit line from Zhongyuan Bank, valid for one year. Investors are advised that the total guarantee amount for the company and its subsidiaries exceeds 50% of the company's latest audited net assets.