西部黄金: 西部黄金股份有限公司关于全资子公司向关联方借款暨关联交易的公告

Core Viewpoint - The announcement details a related party transaction where the wholly-owned subsidiary of Western Gold, Aktao Kobang Manganese Manufacturing Co., plans to borrow CNY 405 million from its controlling shareholder, Xinjiang Nonferrous Metals Industry Group, to meet its operational funding needs [1][2]. Summary by Sections 1. Overview of Related Party Transaction - Aktao Kobang intends to borrow CNY 405 million for a term of 12 months at an annual interest rate of 2.11%, with no collateral or guarantees required [1][2]. - The transaction is classified as a related party transaction due to Xinjiang Nonferrous being the controlling shareholder, holding 54.99% of Western Gold's shares [3]. 2. Board Meeting and Approval - The fifth board meeting approved the borrowing proposal with unanimous consent (5 votes in favor, 0 against, 0 abstentions), and independent directors supported the submission of the proposal [2][4]. - The transaction does not require shareholder meeting approval as per the relevant stock exchange rules [2]. 3. Related Party Information - Xinjiang Nonferrous Metals Industry Group is the controlling shareholder of Western Gold, with a registered capital of CNY 15.65 billion and established in March 2002 [3]. 4. Loan Agreement Details - The loan agreement stipulates that the borrower must apply for withdrawal three working days before each drawdown, and interest payments are due on specified dates [4]. 5. Purpose and Impact of the Loan - The loan aims to support the business development of Aktao Kobang and is deemed necessary for maintaining operational continuity without adversely affecting the company's independence or harming the interests of shareholders, particularly minority shareholders [4].