Yunnan Energy's "Enjie convertible bonds" ratings terminated after full redemption

New Century Ratings has terminated the credit ratings for Yunnan Energy New Material Co., Ltd. and its "Enjie Convertible Bonds," effective November 8, 2025. This decision follows the full redemption of the "Enjie Convertible Bonds," as announced by Yunnan Energy New Material on November 8, 2025, and their delisting from the Shenzhen Stock Exchange on November 10, 2025. Previously, on June 20, 2025, New Century Ratings had assigned an individual credit rating of 'aa', a corporate credit rating of 'AA/stable', and a bond credit rating of 'AA' for the "Enjie Convertible Bonds."

In separate announcements, Yunnan Energy New Material disclosed significant inter-company guarantees. The company provided a joint liability guarantee for its subsidiary, Shanghai Enjie New Material Technology Co., Ltd., for a comprehensive credit line of 54,600.00 yuan from China Bank Shanghai Free Trade Zone Sub-branch. Additionally, a joint liability guarantee was issued for Suzhou Jieli New Energy Material Co., Ltd., securing a comprehensive credit line of 10,000.00 yuan from Jiangsu Bank Suzhou Branch.

As of the disclosure date, the approved total 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. The actual signed guarantee amount stands at 3,892,946.98 yuan, accounting for 159.08% of the latest audited net assets attributable to shareholders. There are no other external guarantees, overdue guarantees, or guarantees involved in litigation that could lead to losses.