Xingye Mining strengthens governance, backs subsidiaries with CNY 1bn guarantee

Inner Mongolia Xingye Mining (SZSE:000426) recently announced a series of governance enhancements and policy revisions, approved on November 28, 2025, and scheduled for its Fourth Interim Shareholders' Meeting on December 17, 2025. Key among these is the "Accountability System for Significant Errors in Annual Report Information Disclosure," designed to improve the quality and transparency of financial reporting. The company also updated its "Investor Relations Management System" to foster better communication with investors and "Insider Information Registration and Management System" to safeguard sensitive data.

The board also approved significant financial actions, including providing a guarantee of up to CNY 1 billion for its wholly-owned subsidiary, Xinman Mining, for a syndicate loan. Additionally, the company will act as guarantor for Xinman Mining and Rongguan Mining for financing lease transactions, with principal amounts not exceeding CNY 300 million, CNY 150 million, and CNY 150 million, respectively. The board further approved the appointment of Zhang Guoxin as a non-independent director and Cheng Chonggang as an independent director, pending shareholder and Shenzhen Stock Exchange approval.