Yinbang Clad Material secures 90m yuan guarantee for new energy subsidiary

Yinbang Clad Material Co. Ltd. has announced it signed a "Maximum Guarantee Contract" with China Construction Bank Co. Ltd. Huaibei Branch. This agreement provides a joint and several liability guarantee for its wholly-owned subsidiary, Yinbang (Anhui) New Energy Materials Technology Co. Ltd., covering obligations under a main contract with a maximum guarantee amount of 90 million yuan. This guarantee falls within the previously approved 1.95 billion yuan guarantee limit for 2025.

As of the disclosure date, Yinbang Clad Material's total external guarantees amount to 1.33 billion yuan, representing 79.56% of its net assets attributable to shareholders as per the 2024 audited financial statements. All guarantees are provided to subsidiaries within the scope of consolidated financial statements.

Yinbang (Anhui) New Energy Materials Technology Co. Ltd., established on September 29, 2022, has a registered capital of 300 million yuan. For 2024, the subsidiary reported total assets of 19.08 billion yuan, total liabilities of 15.98 billion yuan, net assets of 3.11 billion yuan, operating revenue of 1.52 billion yuan, and a net profit of 15.76 million yuan.