JCHX(SH:603979) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-23 18:00Core Viewpoint - The company is providing an irrevocable and unconditional guarantee of up to $12 million for the environmental protection fund bank guarantee application for the Lubanbi Copper Mine, in compliance with local environmental policies in Zambia [1][3]. Group 1: Guarantee Details - The guarantee amount is capped at $12 million, including principal, interest, fees, and commissions, with a duration of 60 months [3]. - The company has approved a total guarantee limit of up to RMB 2.1 billion (approximately $300 million) for credit and operational needs of its subsidiaries [1][4]. - The Lubanbi Copper Mine's specific guarantee limit is set at $45 million, which includes previously provided but unexpired guarantees [1][2]. Group 2: Guarantee Adjustment and Usage - As of March 25, 2025, the company adjusted the unused portion of the Lubanbi Copper Mine's guarantee by transferring $2 million to Terra Mining Pty Ltd, reducing the Lubanbi Copper Mine's annual guarantee limit to $43 million [2]. - The total utilized guarantee amount for the year 2025 is approximately RMB 784.7 million, with an ongoing guarantee balance of RMB 612.1 million [2][5]. - The company has not provided guarantees to any entities outside its subsidiaries [5][6]. Group 3: Financial Ratios and Impact - The total expected guarantee limit for 2025 represents 23.37% of the company's latest audited net assets attributable to shareholders [4]. - The cumulative guarantee amounts approved by various shareholder meetings total approximately RMB 5.576 billion, accounting for 62.06% of the company's latest audited net assets [4].