Yunnan Copper guarantees loan for controlled subsidiary Diqing Mining

Yunnan Copper Co., Ltd. has finalized a guarantee agreement with Agricultural Bank of China, Shangri-La Branch, for a loan to its controlled subsidiary, Yunnan Diqing Mining Development Co., Ltd. The RMB 100,000,000 guarantee is for a working capital loan, falling within the RMB 290,000,000 guarantee plan for 2025 approved by the company's board and shareholders. Yunnan Copper's total outstanding guarantee for Diqing Mining now stands at RMB 290,000,000.

The guarantee includes a full joint liability guarantee by Yunnan Copper, with Diqing Mining's other shareholder, Diqing Tibetan Autonomous Prefecture Development and Investment Group Co., Ltd., providing counter-guarantees proportional to its equity stake. Yunnan Copper highlighted that Diqing Mining's asset-liability ratio exceeds 70%, advising investors to note the associated risks.

Diqing Mining, 75% owned by Yunnan Copper, reported total assets of RMB 49,863.87 and total liabilities of RMB 104,800.21 as of June 30, 2025, resulting in a net asset deficit of RMB 54,936.34. The company generated operating revenue of RMB 16,990.49 and a net profit of RMB 2,739.46 for the first six months of 2025. Yunnan Copper's total actual guarantee balance for its controlled subsidiaries, including this new commitment, is RMB 290,000,000, representing 1.96% of the company's audited net assets as of 2024.