CITIC Metal (SH:601061) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-02-04 22:51Core Viewpoint - The company has approved a guarantee of RMB 1.5 billion for its wholly-owned subsidiary, CITIC Metal Ningbo Energy Co., Ltd., to meet its operational needs through a credit facility from CITIC Bank Ningbo Branch [1][2]. Group 1: Guarantee Details - The guarantee is provided by CITIC Enterprise Development (Shanghai) Co., Ltd. and covers a series of debts incurred by CITIC Metal Ningbo from February 3, 2026, to February 3, 2028 [2][3]. - The guarantee includes principal debt, interest, penalties, and various costs associated with debt recovery, with a maximum principal amount of RMB 1.5 billion [3][5]. - The guarantee is a joint liability guarantee, with a guarantee period extending three years beyond the debt fulfillment deadline [6][7]. Group 2: Internal Decision-Making Process - The guarantee was approved in the 12th meeting of the third board of directors and the fourth extraordinary shareholders' meeting of 2025, with unanimous support [9]. - The guarantee is within the previously approved limits for the subsidiary, thus no additional board or shareholder meetings are required [3]. Group 3: Financial Health of the Guaranteed Entity - CITIC Metal Ningbo is reported to have a good credit status, with no significant issues affecting its debt repayment ability [3]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed beneficial for the operational needs of the subsidiary and aligns with the company's overall interests, with low associated risks [8]. Group 5: Cumulative Guarantee Situation - As of December 31, 2025, the company has provided guarantees totaling RMB 131.3 billion and USD 14.24 billion, with actual guarantees amounting to RMB 71.1 billion [10]. - The total guarantees represent 182.29% of the company's latest audited net assets, with actual balances accounting for 43.14% of the same [11].