Securities Code: 002340 Securities Abbreviation: GEMD Announcement No.: 2026-030
GEMD Co., Ltd.
Announcement on the Company Providing Guarantees for Subsidiaries' Credit Line Applications with Banks/Financial Leasing Platforms (Including Financial Leasing)
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and there are no false records, misleading statements, or material omissions.
I. Overview of Guarantee Situation
With the rapid growth of GEMD Co., Ltd.'s (hereinafter referred to as the "Company") business scale, while controlling the Company's overall reasonable debt ratio and ensuring stable operations, to ensure sufficient capital for the Company's production and operation, and effectively promote the effective implementation of the Company's annual business objectives, its subsidiaries, Jingmen GEMD New Materials Co., Ltd. and its wholly-owned subsidiaries, GEMD (Jiangsu) Cobalt Industry Co., Ltd. and its wholly-owned subsidiaries, GEMD (Wuxi) Energy Materials Co., Ltd. and its wholly-owned subsidiaries, GEMD (Wuhan) City Mine Industrial Group Co., Ltd. and its wholly-owned subsidiaries, Wuhan Power Battery Recycling Technology Co., Ltd. and its wholly-owned subsidiaries, GEMD Hong Kong International Logistics Co., Ltd. (GEM HONG KONG INTERNATIONAL CO., LIMITED), Hubei Green Tungsten Resource Recycling Co., Ltd., Fuan Qingmei Energy Materials Co., Ltd. and its wholly-owned subsidiaries, PT. MEIMING ENERGY MATERIALS, and PT INDONESIA QINGMEI ENERGY MATERIALS, due to the expiry of existing credit lines and new capital requirements, intend to apply for comprehensive credit lines (including financial leasing) from banks and other relevant institutions. The comprehensive credit lines (including financial leasing) will be primarily used for issuing RMB/foreign currency loans, syndicated loans, project loans, accepting commercial drafts, issuing letters of credit, issuing guarantees, trade finance, capital transactions, financial leasing, and other businesses. The Company plans to provide guarantees for a portion of the comprehensive credit lines (including financial leasing) of the aforementioned companies. The total guarantee amount will not exceed the equivalent of RMB 24,600,000,000, with a guarantee period not exceeding ten years. The Chairman is authorized to handle guarantee matters within this credit line. As of now, the cumulative total of external guarantees approved for the Company and its holding subsidiaries is RMB 40,560,610,000, accounting for 189.68% of the net assets audited as of December 31, 2025. The following is the basic information of this guarantee:
| Guarantor | Guaranteed Party | Shareholding Ratio of Guarantor | Debt-to-Asset Ratio of Guaranteed Party | Outstanding Guarantee Balance as of December 31, 2025 (RMB '000) | This Guarantee Amount (RMB '000) | Proportion of Guarantee Amount to Latest Net Assets of Listed Company | Related Party Guarantee |
|---|---|---|---|---|---|---|---|
| GEMD Co., Ltd. | Jingmen GEMD New Materials Co., Ltd. and its wholly-owned subsidiaries | 100% | 66.22% | 981,619 | 1,070,000 | 50.04% | No |
| GEMD Co., Ltd. | GEMD (Jiangsu) Cobalt Industry Co., Ltd. and its wholly-owned subsidiaries | 100% | 74.62% | 205,964 | 430,000 | 20.11% | No |
| GEMD Co., Ltd. | GEMD (Wuxi) Energy Materials Co., Ltd. and its wholly-owned subsidiaries | 100% | 77.31% | 35,870 | 70,000 | 3.27% | No |
| GEMD Co., Ltd. | GEMD (Wuhan) City Mine Industrial Group Co., Ltd. and its wholly-owned subsidiaries | 100% | 93.43% | 4,000 | 38,000 | 1.78% | No |
| GEMD Co., Ltd. | Wuhan Power Battery Recycling Technology Co., Ltd. and its wholly-owned subsidiaries | 56.47% | 33.54% | 22,647 | 151,000 | 7.06% | No |
| GEMD Co., Ltd., Jingmen GEMD New Materials Co., Ltd. | GEMD Hong Kong International Logistics Co., Ltd. (GEM HONG KONG INTERNATIONAL CO., LIMITED) | 100% | 89.17% | 78,500 | 258,000 | 12.07% | No |
| GEMD Co., Ltd. | Hubei Green Tungsten Resource Recycling Co., Ltd. | 51.22% | 39.20% | 30,462 | 208,000 | 9.73% | No |
| GEMD Co., Ltd. | Fuan Qingmei Energy Materials Co., Ltd. and its wholly-owned subsidiaries | 54% | 76.22% | 57,139 | 60,000 | 2.81% | No |
| GEMD Co., Ltd. | PT. MEIMING ENERGY MATERIALS | 55% | 82.56% | / | 127,000 | 5.94% | No |
| GEMD Co., Ltd. | PT INDONESIA QINGMEI ENERGY MATERIALS | 100% | 83.40% | / | 48,000 | 2.24% | No |