Jidong Cement provides guarantee for Anshan Jidong loan

Tangshan Jidong Cement Group Co., Ltd. has provided a 5m yuan guarantee for a 10m yuan loan secured by Anshan Jidong Cement Co., Ltd. from Anshan Bank Co., Ltd. This guarantee is a joint and several liability, with a term of 12 months, and aligns with the 50% equity stake Tangshan Jidong Cement holds in Anshan Jidong Cement. The guarantee falls within the previously approved 100m yuan limit by the board of directors on March 26, 2025.

As of December 31, 2024, Anshan Jidong Cement reported total assets of 445.26m yuan, total liabilities of 197.59m yuan, and net assets of 247.67m yuan. For the full year 2024, the company recorded operating revenue of 265.99m yuan, with a total loss of 17.11m yuan and a net loss of 13.72m yuan.

The total outstanding financing guarantees provided by Tangshan Jidong Cement to its controlled subsidiaries and joint venture, Anshan Jidong Cement, currently stand at 414.38m yuan (excluding this latest guarantee). This represents 1.50% of the company's net assets attributable to listed company shareholders as of its latest audited period. Anshan Jidong Cement is not listed as a dishonest debtor and has no external guarantees, pledges, or significant lawsuits or arbitrations.