Zhitong Financial and Economic APP News, Zijin Mining Group (02899) announced that the company's annual general meeting of shareholders held on May 17, 2022 examined and passed the "bill on external guarantee arrangements for 2022". The general meeting of the company agreed to provide a guarantee of no more than 464 million US dollars for the wholly-owned subsidiary Jinli Group, and no more than 350 million US dollars for the wholly-owned subsidiary Lithium Kos. To provide a guarantee of not more than 3.5 billion yuan (including its wholly-owned subsidiaries directly or indirectly) to Zijin International Holdings Limited, a wholly-owned subsidiary, this guarantee arrangement is valid from the date of approval of the annual general meeting in 2021 to the date of holding the next annual general meeting, and authorizes Lin Hongying, a director and vice president of the company, to handle related guarantee matters.
According to the above authorization, after research, the company agrees to provide joint and several liability guarantee for the total amount of loans applied by Jinli Group to Bank of China Ltd. and other financial institutions not exceeding 464 million US dollars, and the guarantee period shall not exceed seven years; provide joint and several liability guarantee for Lithium Industry Coase applying to Bank of China Ltd. and other financial institutions for a total loan not exceeding 350 million US dollars, and the guarantee period shall not exceed seven years. To provide joint liability guarantee for Tibet Zijin Lithium Industry, a wholly-owned subsidiary of Zijin State Control, for a loan of no more than RMB 2.9 billion yuan, with a guarantee period of no more than seven years; for Zijin Gold Science and Technology, a wholly-owned subsidiary of Zijin State Control, to provide joint and several liability guarantee for financial institutions such as China Minsheng Banking Corp, Sanya Agricultural and Commercial Bank, etc., with a guarantee period of no more than 13 years.
As of the date of this announcement, the guarantee balance provided by the company to the above-mentioned subsidiaries is 0 billion yuan.
As of the date of this announcement, the cumulative amount of external guarantees (including guarantees provided to wholly-owned subsidiaries and holding subsidiaries) of the group company is about 33.915 billion yuan (including 758 million yuan of guarantees provided by the company, wholly-owned subsidiaries and holding subsidiaries for the financing of wholly-owned subsidiaries and holding subsidiaries in Zijin Finance Company), accounting for 47.74% of the company's audited net assets in 2021. There is no overdue guarantee.