According to the news from Zhito Finance APP, China Risun GP (01907) announced that on December 4, 2024, the company's joint venture Pingxiang Xuyang Energy (as the borrower) signed a loan agreement with China CITIC Bank Corporation Pingxiang Branch for a total loan amount of 2.01 billion yuan, guaranteed by the shareholders (or their contacts) of Pingxiang Xuyang Energy and secured by fixed assets of Pingxiang Xuyang Energy. As one of the shareholders, the company's wholly-owned subsidiary Xuyang Group signed a guarantee contract with China CITIC Bank Corporation Pingxiang Branch, under which Xuyang Group will guarantee part of the principal loan amount of 1.025 billion yuan, with the maximum payment obligation expected to be approximately 1.2676 billion yuan.

In 2020, the group invested in the establishment of two joint ventures in Pingxiang, Jiangxi, where Pingxiang Xuyang Energy will invest in and construct a 1.8 million tons/year coking project located in Xiangdong Industrial Park. The current loan of Pingxiang Xuyang Energy will be used for the investment and construction of this coking project. The group's guarantee to Pingxiang Xuyang Energy, along with other shareholders, will assist Pingxiang Xuyang Energy in obtaining financing. The company expects that the financing obtained by Pingxiang Xuyang Energy will benefit the construction of its coking project and increase coke production through the newly built coking project, which will bring considerable long-term investment returns to the group.