Yunnan Energy New Material guarantees subsidiary's $2bn credit facility

Yunnan Energy New Material Co. Ltd. recently provided a joint and several liability guarantee to Jiangsu Bank for its controlling subsidiary, Shanghai Energy New Material Technology Co. The guarantee covers a comprehensive credit facility totaling 20,000.00 yuan. This action follows the approval of the company's 2025 annual consolidated financial statements' guarantee limits at its fifth board of directors meeting on December 27, 2024, and subsequent approval by shareholders on January 16, 2025.

The guarantee's scope includes the principal of the creditor's rights, all accrued interest (including penalty interest and compound interest), handling fees, liquidated damages, compensation, taxes, and expenses incurred by the creditor to realize its creditor's rights and guarantee rights. The guarantee period extends from the effective date of the guarantee letter until three years after the expiration of the performance period of the principal contract.

As of the disclosure date, the total approved guarantee amount for the company and its subsidiaries is 6,000,000.00 yuan, representing 245.19% of the latest audited net assets attributable to shareholders of the listed company. The actually signed effective guarantee amount stands at 3,887,946.98 yuan, accounting for 158.88% of the latest audited net assets attributable to shareholders of the listed company. Yunnan Energy New Material has no other external guarantees, overdue external guarantees, or guarantees involved in litigation that could result in losses.