Xingye Mining boosts financial support with new leases and credit facilities

Inner Mongolia Xingye Mining’s board of directors approved several resolutions to bolster its financial position and support its subsidiaries. The company will guarantee its subsidiaries' applications for bank comprehensive credit facilities, including a RMB700 million credit from Ordos Bank and a RMB50 million loan from Bohai Bank, with subsidiary Yinman Mining providing joint liability guarantees. The board also authorized guarantees for Yinman Mining's financing lease agreements with multiple lessors.

Yinman Mining will enter into several financing lease agreements: a RMB300 million lease with Chengtail Leasing for 24 months, a RMB300 million lease with Fengrong Leasing for 36 months, a RMB100 million lease with Guotai Leasing for 36 months, and a RMB200 million lease with Xinxin Leasing for 36 months. Inner Mongolia Xingye Mining will provide joint liability guarantees for each of these leases.

As of the disclosure date, Inner Mongolia Xingye Mining's total external guarantees, including those for subsidiaries, amount to RMB2,955.9322 million, representing 37.41% of its latest audited net assets attributable to shareholders. Guarantees for entities outside the consolidated statements total RMB220 million, or 2.78% of net assets. The company has no overdue or litigation-related guarantees.