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 Guarantee Situation
Guocheng Mining Co., Ltd. held the 49th meeting of the 12th Board of Directors on February 10, 2026, and the second extraordinary general meeting of shareholders on February 27, 2026, to review and approve the proposal on the expected external guarantee limit for 2026. The Company and its consolidated subsidiaries are authorized to provide a total new guarantee amount not exceeding RMB 556 million, with a maximum guarantee limit of RMB 180 million for subsidiaries with a debt-to-asset ratio of 70% or above, and a maximum guarantee limit of RMB 376 million for subsidiaries with a debt-to-asset ratio below 70%. The guarantee limits among the Company and its subsidiaries can be adjusted based on actual conditions, provided that the total guarantee limit is not exceeded. When adjustments occur, guarantees for subsidiaries with a debt-to-asset ratio above 70% can only be obtained from other subsidiaries with a debt-to-asset ratio above 70%. The above guarantee limits can be reused, and the final guarantee balance will not exceed the authorized guarantee limit. The authorization for the expected guarantee limit is valid for 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, titled "Announcement on the Expected External Guarantee Limit for 2026" (Announcement No.: 2026-010) and "Resolution Announcement of the Second Extraordinary General Meeting of Shareholders in 2026" (Announcement No.: 2026-013).