Yunnan Energy New Material guarantees 100 million yuan for subsidiaries

Yunnan Energy New Material Co., Ltd. announced new guarantee agreements following resolutions passed by its board of directors and shareholders in late 2024 and early 2025.

The company signed two "Maximum Guarantee Contracts" with Industrial Bank Co., Ltd. Kunming Branch. The first provides a joint and several liability guarantee for its holding subsidiary, Yunnan Hongchuang Packaging Co., Ltd., covering a 50,000,000 yuan comprehensive credit line. The second offers a similar guarantee for its wholly-owned subsidiary, Yunnan Hongta Plastic Co., Ltd., for another 50,000,000 yuan comprehensive credit line. Both guarantees are valid for three years from the maturity date of each financing.

As of the disclosure date, Yunnan Energy New Material's cumulative approved guarantee amount for itself and its subsidiaries reached 6,000,000,000 yuan, representing 245.19% of its latest audited net assets attributable to shareholders. The actual signed and effective guarantee amount is 3,902,946,980 yuan, which is 159.49% of its latest audited net assets attributable to shareholders. The company confirmed no other external guarantee matters, overdue external guarantees, guarantees involved in litigation, or losses expected from adjudicated guarantees.