盛达金属资源股份有限公司 关于子公司为公司提供担保暨接受关联方无偿担保的进展公告

Summary of Key Points Core Viewpoint The company, Shengda Metal Resources Co., Ltd., has approved a significant amount of guarantees for its subsidiaries, exceeding 100% of its latest audited net assets, which raises concerns regarding financial leverage and risk management practices [1]. Group 1: Guarantee Overview - The company has approved a total guarantee limit of up to RMB 6 billion for its subsidiaries, which includes various financing activities such as working capital loans, project loans, and bank guarantees [2]. - The guarantee period is effective from the date of approval until the next annual general meeting in 2025, and the actual guarantee amount will be determined by the final contracts signed [2]. Group 2: Related Party Guarantees - The company has agreed to accept a guarantee of up to RMB 2.5 billion from its chairman, Zhao Qing, and his spouse, Li Yuanchun, for financing activities, which will also be valid for 12 months [3]. - This guarantee is provided without any fees or need for counter-guarantees from the company or its subsidiaries [3][6]. Group 3: Specific Financing Activities - The company has applied for a factoring business credit limit of RMB 200 million from Beijing Bank, with its subsidiaries providing joint liability guarantees totaling RMB 400 million [4]. - A supplementary agreement has been signed to include domestic letter of credit issuance as part of the financing activities, with the total credit limit remaining at RMB 200 million [5]. Group 4: Financial Metrics and Risk - The total approved guarantee amount of RMB 6 billion represents 197.16% of the company's latest audited net assets, while the current balance of guarantees stands at RMB 2.542 billion, accounting for 83.54% of the net assets [13]. - The company has not provided guarantees to entities outside the consolidated financial statements and has no overdue or litigated guarantees [13]. Group 5: Company and Related Parties Information - Shengda Metal Resources Co., Ltd. is registered with a capital of RMB 689.97 million and operates in various sectors including metal ore sales and investment activities [8]. - The chairman, Zhao Qing, holds 2.79% of the company's shares and is not listed as a dishonest executor [7].