001203SZSE

Progress Announcement on Company Providing Guarantee for Wholly-Owned Subsidiary

Dazhong Mining Co., Ltd.··4 pages

✨ AI Summary

The announcement details that Dazhong Mining Co., Ltd. has agreed to provide a guarantee of 250 million yuan for its wholly-owned subsidiary, Anhui Jinrisheng Mining Co., Ltd., to secure a loan from Bank of China. This guarantee is within the approved limit of 500 million yuan for 2026. The guarantee period is three years from the loan repayment date.

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Full Translation

AI Translation· azure_openai

Stock Code: 001203

Stock Abbreviation: Dazhong Mining

Announcement Number: 2026-059

Bond Code: 127070

Bond Abbreviation: Dazhong Convertible Bond

Dazhong Mining Co., Ltd. (hereinafter referred to as "the Company") 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.

Special Reminder:

  1. The cumulative guarantee balance between Dazhong Mining Co., Ltd. and its subsidiaries is 248,442.58 million yuan (including this guarantee amount), accounting for 33.94% of the Company’s most recent audited net assets.
  2. The Company and its subsidiaries have not provided guarantees for entities outside the scope of the consolidated financial statements.
  3. The Company and its subsidiaries have not experienced overdue guarantees, guarantees involving litigation, or losses due to guarantees resulting in adverse judgments.

I. Overview of Guarantees

The Company held the 24th meeting of the 6th Board of Directors on April 23, 2026, and the 2025 Annual General Meeting on May 14, 2026, where it reviewed and approved the proposal regarding the estimated guarantee limit for subsidiaries in 2026. The total guarantee amount for subsidiaries in 2026 is not to exceed 500 million yuan, based on the normal operational funding needs. This estimated guarantee limit is reusable and can be adjusted among subsidiaries as necessary; the total amount reviewed can also be allocated to other subsidiaries within the consolidated financial statements. The validity period of the guarantee is 12 months from the date of approval at the 2025 Annual General Meeting. Specific guarantee matters occurring within the above limit will be authorized by the Board of Directors to the management to sign relevant guarantee agreements with financing institutions. Any guarantees exceeding this estimated limit will be implemented after following the relevant review procedures. For detailed content, please refer to the announcements disclosed by the Company on April 24, 2026, and May 15, 2026, in the Securities Times, China Securities Journal, Securities Daily, Shanghai Securities Journal, Economic Information Daily, and the Giant Tide Information Network (http://www.cninfo.com.cn) regarding the estimated guarantee limit for subsidiaries in 2026 (Announcement No.: 2026-036) and the resolution announcement of the 2025 Annual General Meeting (Announcement No.: 2026-044).

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