Hainan Mining(SH:601969) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-06-27 23:47Summary of Key Points Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Roc Oil, to secure loans totaling RMB 66 million for operational and business development needs [1][2]. Group 1: Guarantee Overview - Roc Oil has applied for a merger loan of RMB 60 million and a working capital loan of RMB 6 million from China Merchants Bank, totaling RMB 66 million [1]. - The company guarantees these loans with joint liability, effective for three years from the contract's commencement [1][4]. - The board and shareholders have approved a guarantee limit of up to RMB 90 million for Roc Oil for the year 2025 [1][2]. Group 2: Guarantee Details - The guarantee is provided to Roc Oil Company Pty Limited, with China Merchants Bank as the creditor [2][3]. - The guarantee covers all debts under the main contract, including principal, interest, penalties, and related costs [4]. - There is no counter-guarantee associated with this guarantee [4]. Group 3: Necessity and Reasonableness of Guarantee - The guarantee aims to enhance overall financing efficiency for the company and meet Roc Oil's operational and investment needs [4]. - Roc Oil has a stable operational history with no overdue guarantees reported [4][5]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 580 million, representing 83.45% of the latest audited net assets [4]. - The actual outstanding external guarantee balance is RMB 109.592 million, accounting for 15.77% of the latest audited net assets [4].