CITIC Metal Co., Ltd. announced the external guarantee plan for the year 2025, with a total amount not exceeding RMB 13.13 billion and USD 3.249 billion. The scope of guarantees includes bank loans, letters of guarantee, bills of exchange, trade financing, etc., and the validity period is 12 months after the shareholders' meeting is approved. The guaranteed parties are mainly the wholly-owned and holding subsidiaries of the company, including CITIC Metal Ningbo Energy, CITIC Metal International, CITIC Metal Hong Kong Investment, etc. Among them, the guarantee limit for wholly-owned subsidiaries with an asset-liability ratio above 70% is the highest; for example, the guarantee limit for CITIC Metal Ningbo Energy is RMB 10.13 billion. The company can adjust the usage according to actual business...Show More

CITIC Metal Co., Ltd. announced the external guarantee plan for the year 2025, with a total amount not exceeding RMB 13.13 billion and USD 3.249 billion. The scope of guarantees includes bank loans, letters of guarantee, bills of exchange, trade financing, etc., and the validity period is 12 months after the shareholders' meeting is approved. The guaranteed parties are mainly the wholly-owned and holding subsidiaries of the company, including CITIC Metal Ningbo Energy, CITIC Metal International, CITIC Metal Hong Kong Investment, etc. Among them, the guarantee limit for wholly-owned subsidiaries with an asset-liability ratio above 70% is the highest; for example, the guarantee limit for CITIC Metal Ningbo Energy is RMB 10.13 billion. The company can adjust the usage according to actual business needs within the corresponding limits. As of October 31, 2024, the actual external guarantee balance of the company is RMB 2.45 billion and USD 1.26 billion. The company stated that this guarantee plan aims to meet the production and operation needs of the company and its subsidiaries, which is beneficial for the company's stable operation and long-term development. The guaranteed parties are operating normally and have good credit status, so the company can effectively control the guarantee risk.