Sinomine subsidiary guarantees parent company's finance lease

Sinomine Resource Group has revealed that its wholly-owned subsidiary, Sinomine Resources (Jiangxi) New Materials Co., Ltd., will provide an irrevocable maximum guarantee for the parent company's aftermarket sale-leaseback finance lease business with Cinda Financial Leasing Co., Ltd. The maximum guaranteed amount is RMB 60,000,000. This action falls within the RMB 850,000,000 total external guarantee limit approved by the 2024 annual shareholders' meeting for 2025.

Following this guarantee, Sinomine Resources (Jiangxi) New Materials' total guarantee amount for Sinomine Resource Group will be RMB 299,000,000, remaining within the shareholder-approved limit. As of the announcement date, the total external guarantee amount by Sinomine Resource Group and its subsidiaries, including this transaction, is RMB 481,000,000, representing 39.49% of the net assets attributable to shareholders as of December 31, 2024. The board believes this transaction supports the company's sustainable development and is financially controllable.

The actual executed guarantee amount stands at RMB 229,876,650, or 18.87% of the net assets attributable to listed company shareholders as of December 31, 2024. Sinomine Resource Group and its subsidiaries report no overdue guarantees, litigation-related guarantees, or losses incurred from adverse judgments on guarantees.