Meijin Energy updates on fund and subsidiary guarantee

Shanxi Meijin Energy announced the ongoing progress of its equity investment fund, Anhui Junan Equity Investment Fund Partnership (Limited Partnership), established with several partners, including Ningbo Joint-Creation Yongjun Private Equity Fund Management Co., Ltd. The company, as a limited partner, committed to contributing 150 million yuan. The fund has secured its business license and private equity fund registration, with partners having collectively contributed 300 million yuan. The company cautioned about potential risks including unfulfilled capital contributions and the fund's long investment cycle.

Separately, Meijin Energy also provided a guarantee of 50 million yuan to China CITIC Bank Taiyuan Branch for its wholly-owned subsidiary, Shanxi Meijin Huasheng Chemical New Material Co., Ltd., to support its operational needs. This guarantee falls within the previously approved maximum limit of 4.6 bn yuan for new guarantees to controlled subsidiaries. Following this transaction, the company's remaining annual estimated guarantee limit stands at 284,565.74 m yuan.

As of June 30, 2025, Huasheng Chemical's asset-liability ratio exceeded 70%, and the total guarantee amount to subsidiaries and investees reached 774,635.11 m yuan, representing 53.60% of the company's latest audited net assets.