Anhui Conch Cement unit guarantees 5m yuan loan for subsidiary

Anhui HaiLuo Environmental Protection, a subsidiary of Anhui Conch Cement, recently guaranteed a 5 million yuan loan for Nanjing HaiZhong Environmental Protection Technology from Hangzhou Bank's Nanjing Branch. The loan has a one-year term. This new guarantee brings the total outstanding guarantees provided by Anhui Conch Cement and its subsidiaries for Nanjing HaiZhong Environmental Protection to 2.604 billion yuan.

The guarantee falls within the previously approved general guarantee limit of 185.965 billion yuan, greenlighted by the company's board and shareholders in March and May 2025, respectively. As of the announcement date, the aggregate external guarantees by Anhui Conch Cement and its affiliates amount to 83.800 billion yuan. This figure represents 0.45% of the company's net assets as per the 2024 audited financial statements.

Nanjing HaiZhong Environmental Protection's financial health is stable, with total assets of 11.128 billion yuan and a net profit of 102 million yuan reported for the 2024 fiscal year. The company's credit standing is considered good, and the loan is intended for its routine operational needs, making the guarantee deemed reasonable and necessary.