000975SZSE

Progress Announcement on Providing Guarantees for Subsidiaries

✨ AI Summary

Shan Jin International Gold Co., Ltd. has approved a guarantee limit of CNY 4.29 billion for its wholly-owned and controlling subsidiaries to support their operational needs. Recently, a new guarantee of CNY 30 million was issued to Osino Mining Investments Limited, within the approved limit. The guarantee is effective from January 1, 2026, to December 31, 2026, with no collateral provided.

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Securities Code: 000975

Securities Abbreviation: Shan Jin International

Announcement Number: 2026-0271

Shan Jin International Gold Co., Ltd. (hereinafter referred to as "the Company" or "Shan Jin International") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

1. Overview of the Guarantee Situation

On December 8, 2025, and December 25, 2025, the Company held the 18th meeting of the 9th Board of Directors and the 4th extraordinary general meeting of shareholders, respectively, both of which reviewed and approved the proposal on the estimated guarantee limit for subsidiaries. To meet the operational and business development needs of the Company and its subsidiaries, and to improve the efficiency of financing decisions, the Company agreed to provide guarantees for wholly-owned and controlling subsidiaries within the consolidated financial statements, with an estimated total guarantee limit of CNY 4.29 billion. Among this, the guarantee limit for subsidiaries with a debt-to-asset ratio below 70% shall not exceed CNY 3.93 billion, and for subsidiaries with a debt-to-asset ratio above 70%, it shall not exceed CNY 360 million. The validity period of the guarantee limit is from January 1, 2026, to December 31, 2026. If the duration of a single guarantee exceeds the validity period of the resolution, the validity period of the resolution will automatically extend until the termination of the single guarantee, with the specific guarantee period subject to the final contract signed. During the validity period of the guarantee limit, the total guarantee amount can be used repeatedly, but the actual external guarantee balance of the Company at any time shall not exceed CNY 4.29 billion. The above guarantee limit can be adjusted among subsidiaries. There is no counter-guarantee for the above guarantees. The guarantee methods include but are not limited to joint liability guarantees. For detailed information, please refer to the announcements disclosed by the Company on December 9, 2025, and December 26, 2025, in "China Securities Journal," "Securities Times," "Shanghai Securities Journal," "Securities Daily," and the Giant Tide Information Network (www.cninfo.com.cn) regarding the estimated guarantee limit for subsidiaries (Announcement No.: 2025-060) and the resolution announcement of the 4th extraordinary general meeting of shareholders in 2025 (Announcement No.: 2025-063).

2. Progress of the Guarantee

Recently, the Company has added a guarantee for a subsidiary, which is within the approved guarantee limit and does not require further submission for review by the Board of Directors and the shareholders' meeting. The specific situation is as follows:

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