Oriental Energy expands guarantees for related parties, subsidiaries

Oriental Energy will provide substantial guarantees for its related party, Mason Energy (Nanjing) Co., Ltd. and Mason Energy (Zhangjiagang) Co., Ltd., which operate in the LPG trading business. These guarantees cover a total of RMB 780 million in comprehensive credit lines from multiple banks, including Shanghai Bank, Bank of Beijing, and Export-Import Bank of China. Mason Energy Liquefied Gas Trade (Ningbo) Co., Ltd. will provide a counter-guarantee for these transactions.

Separately, Oriental Energy also extended guarantees for its subsidiaries, Oriental Energy (Maoming) Co., Ltd. and Oriental Energy (Ningbo) New Materials Co., Ltd., to support their business expansion. Oriental Energy (Maoming) received a RMB 200 million guarantee, while Oriental Energy (Ningbo) New Materials secured a RMB 720 million guarantee.

As of the latest announcement date, Oriental Energy's total external guarantees, including those for controlling subsidiaries, amount to RMB 21.816 billion, representing 196.61% of its net assets as of December 31, 2024. Guarantees for entities outside the consolidated statements total RMB 2.417 billion, or 21.78% of net assets.