Chengtun Mining Group boosts financing with significant guarantees

Chengtun Mining Group has announced substantial guarantees for its subsidiaries, totaling 220 million yuan for Zhejiang Merchants Bank, 360 million yuan for Postal Savings Bank, and 500 million yuan for China Construction Bank. Additionally, the company is providing guarantees of $5 million for KMSA's loan from BANK OF AFRICA RDC SA and 50 million yuan for Kilisen (Zhuhai) from China Resources Bank Zhuhai Branch. These guarantees aim to support the operational growth and financial requirements of its subsidiaries, including Chengtun Zinc Germanium, Chengtun Energy Metal Chemicals, Gaogui Recycling, and Kilisen (Zhuhai).

Concurrently, the company's controlling shareholder, Shenzhen Chengtun Group Co., Ltd., has pledged an additional 6.65 million shares to Guangdong Huaxing Bank Zhuhai Branch, while Shenzhen Chengtun Industrial Development Co., Ltd. has released a pledge of 3.6 million shares. As of the announcement date, the controlling shareholder and its concerted parties cumulatively hold 554,799,897 shares, with 273,080,000 shares pledged, representing 49.22% of their total holdings and 8.84% of the company's total share capital.