SD Gold (01787) announced that the 61st Sixth Board of Directors' Meeting was held on June 19, 2024, and passed the resolution on "guaranteeing financing for its Hong Kong wholly-owned subsidiary." To effectively utilize overseas capital markets to meet the funding needs of SD Gold Minerals (Hong Kong) Co., Ltd. (referred to as "SD Gold Hong Kong Company") and its subsidiaries for production and operation, as well as refinancing of existing debts, SD Gold Hong Kong Company intends to apply for a bank credit line of no more than USD 300 million (of which USD 30 million will be granted in RMB equivalent) from the Hong Kong Branch of the China Development Bank, and will withdraw the credit line in stages according to the use of funds, with a term of 1 year.

The Company plans to sign a "Foreign Exchange Loan Guarantee Contract" with the Hong Kong Branch of the China Development Bank to provide joint and several liability guarantee for the bank credit line of no more than USD 300 million (of which USD 30 million will be granted in RMB equivalent) applied for by SD Gold Hong Kong Company from the Hong Kong Branch of the China Development Bank. With the authorization of the 2023 Annual General Meeting of Shareholders of the Company, the company and SD Gold Hong Kong Company's operating management will handle related guarantee matters.