Yunnan Energy New Material guarantees loans for subsidiaries

Yunnan Energy New Material Co., Ltd. announced recent developments in its guarantee provisions for subsidiaries. Following board and shareholder approvals in late 2024 and early 2025, the company formalized guarantees for two key entities.

The company signed a "Maximum Irrevocable Guarantee Letter" with China Merchants Bank Kunming Branch, providing a joint and several liability guarantee for Yunnan Hongchuang Packaging Co., Ltd.'s RMB 10,000,000.00 comprehensive credit line.

Furthermore, Yunnan Energy New Material executed a "Maximum Guarantee Contract" with Nanjing Bank Shanghai Branch, guaranteeing a RMB 1,000,000.00 comprehensive credit line for its subsidiary, Shanghai Enarjie Trading Co., Ltd. These guarantees fall within the previously approved framework for 2025, as detailed in an announcement dated December 31, 2024.

As of the disclosure date, the company's total approved guarantees, including those for subsidiaries, amount to RMB 6,000,000,000.00, representing 245.19% of its most recent audited net assets attributable to shareholders. The actually signed and effective guarantees total RMB 3,926,213,760.00, or 160.44% of its net assets. The company reports no other external guarantees, overdue guarantees, or guarantees involved in litigation that could lead to losses.