Guocheng Mining Co., Ltd. (hereinafter referred to as "the Company" or "Guocheng Mining") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Overview of Guarantees
On February 10, 2026, and February 27, 2026, Guocheng Mining held the 49th meeting of the 12th Board of Directors and the second extraordinary general meeting of shareholders in 2026, respectively, to review and approve the proposal on the estimated external guarantee limit for 2026. The Company and its consolidated subsidiaries are authorized to provide a total guarantee limit not exceeding RMB 556 million, with a maximum of RMB 180 million for subsidiaries with a debt ratio of 70% or higher, and RMB 376 million for those below 70%. The guarantee limits among the Company and its subsidiaries can be adjusted based on actual circumstances, provided they do not exceed the total guarantee limit. When adjustments occur, guarantees for subsidiaries with a debt ratio above 70% can only be obtained from other subsidiaries with a debt ratio above 70%. The above guarantee limits can be reused, and the final guarantee balance will not exceed the authorized limit. The validity period of this estimated guarantee limit authorization is one year from the date of approval at the second extraordinary general meeting of shareholders in 2026. For specific details, please refer to the announcements disclosed by the Company on February 11, 2026, and February 28, 2026, regarding the estimated external guarantee limit for 2026 (Announcement No. 2026-010) and the resolution of the second extraordinary general meeting of shareholders in 2026 (Announcement No. 2026-013).
Recently, the Company's wholly-owned subsidiary, Inner Mongolia Dongshengmiao Mining Co., Ltd. (hereinafter referred to as "Dongkuang"), signed a "Sale and Leaseback Agreement" with China Global Leasing Co., Ltd. (hereinafter referred to as "Global Leasing") to conduct financing leasing business through a sale and leaseback method, with a financing amount of RMB 150 million. The Company provides joint liability guarantees for this business. Additionally, the Company's wholly-owned subsidiary, Inner Mongolia Guocheng Titanium Industry Co., Ltd. (hereinafter referred to as "Guocheng Titanium"), signed a "Sale and Leaseback Agreement" with Global Leasing for financing leasing business, with a financing amount of RMB 50 million, for which the Company also provides joint liability guarantees.