Nanjing Iron & Steel Co., Ltd. (Nanjing Iron & Steel) announced on December 11, 2024, that it will provide a guarantee of up to 30 million yuan for its holding subsidiary Anyang Fuxing Helix New Materials Co., Ltd. (Anyang Helix). This guarantee is based on the company's proposal to apply for credit guarantees for wholly-owned and holding subsidiaries for the year 2024, which was approved at the shareholders' meeting on February 20, 2024.Nanjing Iron & Steel signed a "Maximum Guarantee Contract" with CEB BANK Anyang Branch to provide joint liability guarantee support for Anyang Helix's credit business. Anyang Helix and its wholly-owned subsidiary Anyang Fuxing Helix New Materials Technology Co., Ltd. will provide counter-guarantees for this guarantee and assume full joint liability. Additionally...Show More

Nanjing Iron & Steel Co., Ltd. (Nanjing Iron & Steel) announced on December 11, 2024, that it will provide a guarantee of up to 30 million yuan for its holding subsidiary Anyang Fuxing Helix New Materials Co., Ltd. (Anyang Helix). This guarantee is based on the company's proposal to apply for credit guarantees for wholly-owned and holding subsidiaries for the year 2024, which was approved at the shareholders' meeting on February 20, 2024.Nanjing Iron & Steel signed a "Maximum Guarantee Contract" with CEB BANK Anyang Branch to provide joint liability guarantee support for Anyang Helix's credit business. Anyang Helix and its wholly-owned subsidiary Anyang Fuxing Helix New Materials Technology Co., Ltd. will provide counter-guarantees for this guarantee and assume full joint liability. Additionally, other shareholders of Anyang Helix, Hunan Futian Industrial Investment Group Co., Ltd. and Zhai Wen, will also provide counter-guarantees for 11.42% and 37.58% of the guarantee liability, respectively.As of the announcement date, the total amount of external guarantees provided by Nanjing Iron & Steel and its wholly-owned and holding subsidiaries has reached 9.634 billion yuan, accounting for 36.30% of the company’s most recent audited net assets. The total amount of external guarantees newly provided for holding subsidiaries is 8.25 billion yuan, accounting for 31.08%. Currently, the company has no overdue guarantees and has not provided guarantees for the controlling shareholders, actual controllers, and their related parties.