Shang Hai Zheng Quan Bao·2025-04-30 13:58Summary of Key Points Core Viewpoint - The announcement details the financing guarantees provided by Yanzhou Coal Mining Company Limited to its subsidiaries, specifically Yanzhou Ruifeng International Trade Co., Ltd. and Yancoal Australia Limited, highlighting the amounts and internal decision-making processes involved in these guarantees [2][4][9]. Group 1: Guarantee Details - The company provided a financing guarantee of RMB 50 million to Yanzhou Ruifeng from March 1 to March 31, 2025, with a total guarantee balance of RMB 620 million as of March 31, 2025 [2][4]. - Yancoal Australia's subsidiaries provided a guarantee balance of AUD 1.004 billion to Yanzhou Energy's Australian subsidiaries as of March 31, 2025 [2][4]. - The total guarantee amount is within the approved limits set by the company's board and does not require additional approval [6][9]. Group 2: Internal Decision-Making Process - The board of directors approved the financing guarantees during meetings held on March 28, 2024, and June 21, 2024, allowing for guarantees up to USD 5 billion and AUD 1.5 billion for daily operations [5][6]. - The guarantees are deemed necessary for the operational needs of the subsidiaries and comply with local laws and practices in Australia [8]. Group 3: Financial Position and Risk Management - As of March 31, 2025, the total external guarantee balance is RMB 8.88 billion, representing 10.75% of the company's audited net assets of RMB 82.594 billion for 2024 [10]. - The company has no overdue guarantees, and the risk associated with the guarantees is considered manageable due to the subsidiaries being under the company's control [3][10].