Securities Code: 000723
Securities Abbreviation: Meijin Energy
Bond Abbreviation: Meijin Convertible Bond
Announcement No.: 2026-070
Bond Code: 127061
Shanxi Meijin Energy Co., Ltd.
Announcement on Progress of Guarantees for Subsidiaries
The Company and all members of its Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.
Special Reminder:
Shanxi Meijin Energy Co., Ltd. (hereinafter referred to as the "Company")'s provision of guarantees for Shanxi Meijin Coal Chemical Co., Ltd. (hereinafter referred to as "Coal Chemical") and Shanxi Runjin Chemical Co., Ltd. (hereinafter referred to as "Runjin Chemical") is subject to the risk that their asset-liability ratios exceeded 70% as of the latest period. Investors are reminded to pay attention to related risks.
I. Overview of Guarantee Situation
(I) Basic Information of This Guarantee
Recently, the Company's wholly-owned subsidiary, Shanxi Meijin Huasheng New Chemical Materials Co., Ltd. (hereinafter referred to as "Huasheng Chemical"), applied to the Taiyuan Branch of CITIC Bank Co., Ltd. (hereinafter referred to as "CITIC Bank") for a revolving credit line of RMB 150 million. The wholly-owned subsidiary, Coal Chemical, applied to CITIC Bank for a revolving credit line of RMB 70 million. The controlling subsidiary, Runjin Chemical, applied to CITIC Bank for a revolving credit line of RMB 50 million. The Company signed a "Master Guarantee Contract" with CITIC Bank, providing joint and several liability guarantee for the aforementioned businesses. The guarantee period is three years from the expiration of the performance period of the main contract.
(II) Deliberation Situation
The Company's First Extraordinary General Meeting of Shareholders in 2026 deliberated and approved the "Proposal on the Estimated New Guarantee Quota for Holding Subsidiaries in 2026". It was agreed that the Company and/or its holding subsidiaries could provide new guarantees for the Company's holding subsidiaries with a total estimated quota not exceeding RMB 4 billion. The Company's holding subsidiaries can apply for loans/credit lines from banks and other financial institutions, as well as other financing businesses within this estimated guarantee quota. For details, please refer to the "Announcement on Proposed Guarantees for Associated Companies and Estimated New Guarantee Quota for Holding Subsidiaries in 2026" (Announcement No.: 2026-005) published by the Company on the Juchao Information Network on January 17, 2026.
The usage of this guarantee quota is as follows:
Unit: Ten Thousand Yuan