PJRC(SH:600395) Zheng Quan Zhi Xing·2025-08-08 16:11Core Viewpoint - The company plans to provide a guarantee for its subsidiary, Guizhou Panjiang Mayi Coal Industry Co., Ltd., to facilitate a financing of 1.64836 billion yuan aimed at replacing existing project loans, thereby reducing financial costs and alleviating funding pressure [2][3][6]. Summary by Sections Guarantee Overview - The company intends to provide a full joint liability guarantee for a financing amount of 1.64836 billion yuan, which will be used to replace existing loans for the Mayi West No. 1 mining project [2][3]. - The subsidiary will offer its mining rights as collateral for the guarantee [2][3]. Basic Information of the Guaranteed Party - Guizhou Panjiang Mayi Coal Industry Co., Ltd. is a subsidiary of the company, with a total debt of 3.45598 billion yuan and total equity of 516.9436 million yuan as of 2025 [3]. Main Content of the Guarantee Agreement - The company will sign guarantee and counter-guarantee agreements in accordance with the financing progress of the subsidiary, within the approved guarantee limit [3]. Necessity and Reasonableness of the Guarantee - The financing of 1.64836 billion yuan is intended to replace existing loans, with a financing term of 5 to 15 years, which will lower the financial costs for the subsidiary [3][6]. - The guarantee period will align with the financing period, and the existing guarantee for the original project loans will be extinguished upon loan replacement [3][6]. Board of Directors' Opinion - The board has agreed to provide the guarantee to reduce financial costs and has decided to submit the matter for shareholder meeting approval [6]. Cumulative External Guarantee Amount - As of the announcement date, the company has provided a total of 4.227 billion yuan in external guarantees, all to its subsidiaries, which accounts for 40.56% of the company's most recent audited net assets [6].