On August 8, 2024, Zijin Mining Group Co., Ltd. announced that it will provide joint liability guarantees not exceeding CNY 9 billion to its controlling subsidiary, Tibet Ju Long Copper Co., Ltd., to support Tibet Ju Long's financing business of not more than CNY 12.2 billion applied by a silver group led by the Bank of China. The guarantee period is up to twelve years, and as of the date of the announcement, Zijin Mining has provided a guarantee balance of CNY 5.5 billion to Tibet Ju Long. Other shareholders of Tibet Ju Long will provide counter-guarantees in proportion to their equity or pay a guarantee fee at an annual interest rate of 1.5%. The guarantee agreement has not been signed yet, and Mr...Show More

On August 8, 2024, Zijin Mining Group Co., Ltd. announced that it will provide joint liability guarantees not exceeding CNY 9 billion to its controlling subsidiary, Tibet Ju Long Copper Co., Ltd., to support Tibet Ju Long's financing business of not more than CNY 12.2 billion applied by a silver group led by the Bank of China. The guarantee period is up to twelve years, and as of the date of the announcement, Zijin Mining has provided a guarantee balance of CNY 5.5 billion to Tibet Ju Long. Other shareholders of Tibet Ju Long will provide counter-guarantees in proportion to their equity or pay a guarantee fee at an annual interest rate of 1.5%. The guarantee agreement has not been signed yet, and Mr. Wu Honghui, the company's chief financial officer, is responsible for handling specific matters. Zijin Mining stated that this move is conducive to the stable and sustainable development of Tibet Ju Long, in line with the company's overall development strategy, and the overall risk of the guarantee is controllable. As of the date of the announcement, Zijin Mining's total external guarantee amount is CNY 36.3 billion, accounting for 33.79% of the audited net assets attributable to shareholders in 2023, and there is no overdue external guarantee.