Yunnan Energy guarantees RMB 500m credit for subsidiary Shanghai Energy

Yunnan Energy New Material Company Limited (YENM) announced it has issued a "Maximum Amount Irrevocable Guarantee" to China Merchants Bank Co., Ltd. Shanghai Branch. This secures a comprehensive credit facility of RMB 500,000,000 for its controlling subsidiary, Shanghai Energy New Material Technology Co., Ltd. The guarantee, approved in December 2024 and January 2025 meetings, is a joint liability guarantee covering principal, interest, penalties, and related costs.

The guarantee includes loans and other credit principal balances, as well as associated interest, default interest, compound interest, liquidated damages, deferred payment penalties, factoring fees, and expenses for realizing guarantee rights and claims. For revolving credit, the guarantee applies up to the credit limit. The guarantee period extends three years beyond the maturity date of each loan or financing under the credit agreement.

As of the disclosure date, YENM's total approved external guarantees, including those for subsidiaries, amount to RMB 6,000,000,000, representing 245.19% of the company's latest audited net assets attributable to shareholders. The actual effective guarantees signed total RMB 3,943,521,610, which is 161.15% of the same net assets. The company reported no other external guarantees, overdue guarantees, guarantees involved in lawsuits, or liabilities from unfavorable judgments.