ZANGGE MINING(SZ:000408) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-22 02:09Summary of Key Points Core Viewpoint - The company has approved a significant external guarantee limit for the year 2025, amounting to 33.669 billion RMB, to support its subsidiaries in obtaining financing and conducting daily operations [2][3]. Group 1: External Guarantee Overview - The board of directors approved a maximum external guarantee amount of 33.669 billion RMB for 2025, which includes various forms of guarantees such as guarantees, asset pledges, and collateral [2]. - The guarantee limit for subsidiaries within the consolidated financial statements is set at 32.901 billion RMB, with specific limits for subsidiaries based on their debt-to-asset ratios [2]. - The company can provide counter-guarantees for third-party institutions if they are involved in providing guarantees for the company's subsidiaries [2]. Group 2: Authorization and Implementation - The authorization for the external guarantee limit is valid for twelve months from the date of approval by the 2024 annual general meeting [3]. - The management is authorized to organize and implement the guarantees, sign relevant contracts, and adjust the guarantee limits as necessary within legal boundaries [3]. Group 3: Progress of External Guarantees - On November 17, 2025, the company signed a maximum guarantee contract with Zhejiang Guojin Financing Leasing Co., Ltd., providing a guarantee for financing lease business up to 200 million RMB [4]. - As of the announcement date, the actual guarantee amount under this contract is 0 RMB [6]. - On November 6, 2025, a guarantee contract was signed with Bank of China Guangzhou Development Zone Branch for a credit limit of 185 million RMB, with an actual guarantee amount of 118.3012 million RMB as of the announcement date [6][7]. - On November 21, 2025, a guarantee contract was signed with Xiamen International Bank Shanghai Branch for a credit limit of 62.5 million RMB, with an actual guarantee amount of 0 RMB as of the announcement date [8]. Group 4: Cumulative Guarantee Status - As of the announcement date, the company has not experienced any overdue guarantees, litigation related to guarantees, or losses due to guarantee-related judgments [8].