Yunnan Energy New Material guarantees subsidiary's $150m credit facility

Yunnan Energy New Material Co., Ltd. recently provided a new guarantee for its subsidiary, Jiangxi Tongrui New Energy Technology Development Co., Ltd. The company entered into a "Maximum Amount Guarantee Contract" with Ping An Bank Co., Ltd., Nanchang Branch, to guarantee a comprehensive credit facility of 350,000,000 yuan for Jiangxi Tongrui. The guaranteed amount under this contract is 150,000,000 yuan. This is a joint and several liability guarantee, covering the principal, interest, penalties, liquidated damages, and other costs associated with the main contract.

This action follows the company's Fifth Board of Directors' thirty-fifth meeting on December 27, 2024, and the 2025 first extraordinary general meeting on January 16, 2025, which approved the provision of guarantees within the scope of the company's consolidated financial statements for 2025.

As of the disclosure date, the cumulative approved guarantee amount for the company and its subsidiaries stands at 6,000,000,000 yuan, representing 245.19% of the net assets attributable to shareholders of the listed company in the latest audited period. The actual effective guarantee amount signed by the company and its subsidiaries is 3,882,946,980 yuan, which is 158.67% of the net assets attributable to shareholders of the listed company in the latest audited period. The company reports no other external guarantees, overdue guarantees, or guarantees involved in litigation that could result in losses.