SJI(SZ:000975) Shang Hai Zheng Quan Bao·2025-12-29 21:17Summary of Key Points Core Viewpoint - The company, Shanjin International Gold Co., Ltd., has approved a guarantee limit of 455,400 million yuan for its wholly-owned and controlling subsidiaries to enhance financing efficiency and support daily operations and business development [2]. Group 1: Guarantee Overview - The company will provide guarantees to subsidiaries with a total limit of 455,400 million yuan, with specific limits for subsidiaries based on their asset-liability ratios: up to 199,400 million yuan for those below 70% and up to 256,000 million yuan for those above [2]. - The effective period for the guarantee limit is from the approval date until December 31, 2025, with the previous limits becoming invalid upon this approval [2]. Group 2: Guarantee Progress - A new guarantee has been added for a subsidiary within the approved limit, amounting to no more than 40 million USD, which converts to approximately 282,092 million yuan [4]. - The total guarantee amount after this new guarantee is 59,200 million yuan, representing 4.56% of the company's latest audited net assets [9]. Group 3: Subsidiary Information - The guaranteed entity, Osino Mining Investments Limited (OMIL), is a wholly-owned subsidiary of Osino Resources Corp., which is indirectly 100% owned by the company [5]. - As of December 31, 2024, OMIL had total assets of 49,670 million yuan and net assets of 30,443.44 million yuan, with no bank loans [5]. Group 4: Guarantee Agreement Details - The guarantee covers loan principal, interest, penalties, and other related costs, with a maximum guarantee amount of 40 million USD [6][7]. - The guarantee is a joint liability guarantee with a duration of three years from the debt performance period [7]. Group 5: Board Opinions and Compliance - The board has approved the guarantee matters in meetings held on December 19, 2024, January 15, 2025, and the first extraordinary shareholders' meeting of 2025, confirming compliance with regulations and protecting shareholder interests [8][9].