Yunnan Copper boosts funding for subsidiary Diqing Mining with new guarantees

Yunnan Copper has provided an additional RMB 100 million in loan guarantees for its controlling subsidiary, Yunnan Diqing Mining Development Co., Ltd. (Diqing Mining), signing a second "Guarantee Contract" with Agricultural Bank of China, Shangri-La City Branch. This follows an earlier RMB 100 million guarantee this year, bringing the cumulative amount under the 2025 annual guarantee plan to RMB 200 million, out of an approved total of RMB 290 million. The remaining guarantee quota for Diqing Mining stands at RMB 90 million.

The guarantees are for working capital loans, with a term of one year, and involve full joint and several liability from Yunnan Copper. Diqing Mining's other shareholder, Diqing Tibetan Autonomous Prefecture Development and Investment Group Co., Ltd., provides counter-guarantees to Yunnan Copper in proportion to its shareholding.

As of June 30, 2025, Diqing Mining reported total assets of RMB 498.64 million and total liabilities of RMB 1.048 billion, resulting in a negative net asset of RMB 549.36 million. Given Diqing Mining’s asset-liability ratio exceeding 70%, Yunnan Copper has issued a risk alert to investors regarding the guarantees. The company confirms no overdue or litigation-related guarantees.