Jidong Cement issues bond put option reminder, updates on joint venture guarantees

Jidong Cement issued a second reminder for the put option on its "Jidong Convertible Bonds." The put option is triggered as the company's stock price fell below 70% of the current conversion price for 30 consecutive trading days, from November 5 to December 16, 2025. The put price is set at yuan 100.258 per bond, including interest and tax, with a declaration period from December 22 to December 26, 2025. During this time, convertible bond trading will continue, but conversion will be suspended.

Separately, Jidong Cement updated on guarantees for its joint venture, Anshan Jidong Cement Co., Ltd. The company entered guarantee agreements with Anshan Bank and Shanghai Pudong Development Bank Anshan Branch. These cover two loans totaling yuan 3,000 million for a 12-month term. Jidong Cement is providing a joint and several liability guarantee for yuan 1,000 million and yuan 500 million, aligning with its 50% equity stake in the joint venture.

The guarantees fall within the previously approved limit by the board of directors. As of the disclosure date, Jidong Cement's total external financing guarantees for its subsidiaries and joint ventures, excluding the latest ones, amount to yuan 35,662.84 million. This represents 1.29% of its net assets attributable to listed company shareholders as of the latest audited period.