Chengtun Mining Group guarantees $100m loan for subsidiary Hongsheng International

Chengtun Mining Group has guaranteed a $100 million loan for its wholly-owned subsidiary, Hongsheng International Resources Co., Ltd. (Hongsheng International), from the China-Africa Production Capacity Cooperation Fund. The guarantee is a joint and several liability, effective for three years from the final due date of the loan contract. As of the announcement date, Chengtun Mining Group's total external guarantees, including those for its controlling subsidiaries, amount to 736,279.03万元, representing 47.58% of its most recently audited net assets.

Hongsheng International, established on May 2, 2018, with a registered capital of $50 million, engages in international trade and investment. For the period of January to September 2025 (unaudited), Hongsheng International reported total assets of 13,539,236,620.98 yuan, total liabilities of 10,510,193,924.84 yuan, and a net profit of 206,605,239.73 yuan.

The guarantee is further secured by Hongsheng International's 45% equity stake in Hong Kong Kelixin Metal Materials Co. Limited, and Hong Kong Kelixin's 45% equity stake in Brother Mining SASU, both pledged to the China-Africa Production Capacity Cooperation Fund. The company confirms there are no overdue external guarantees.