Chengtun Mining Group issues significant guarantees for subsidiaries and itself

Chengtun Mining Group and its subsidiaries have announced multiple guarantee arrangements. The company's subsidiary, Hanyuan Chengtun Zinc and Germanium Technology Co., Ltd., will provide a joint liability guarantee for the company's 200 million yuan credit line at Bohai Bank's Xiamen Free Trade Zone Branch. Similarly, Kelixin (Zhuhai) New Energy Co., Ltd., another subsidiary, will offer a joint liability guarantee for the company's 200 million yuan credit line at Fujian Haixia Bank's Xiamen Branch.

Furthermore, the company will provide a joint liability guarantee for Chengtun Metal Co., Ltd.'s 60 million yuan credit line at China Everbright Bank's Xiamen Branch, and for Zhonghe Nickel Industry Co., Ltd.'s 50 million yuan credit line at China Construction Bank's Pengzhou Branch. These guarantees, along with others for Chengtun Energy Metal Chemistry (Guizhou) Co., Ltd., and Chengtun New Energy Materials (Guizhou) Co., Ltd., total a cumulative external guarantee balance of 756,340,020 yuan. This represents 48.88% of the company's latest audited net assets, with no overdue guarantees reported.