Nanjing Hanrui Cobalt Co., Ltd. (hereinafter referred to as "the Company" or "Hanrui Cobalt") 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.
Overview of Financing and Guarantee
To coordinate the financing affairs of Nanjing Hanrui Cobalt Co., Ltd. and its subsidiaries, ensure normal cash flow, and effectively control financing risks, the Company convened the 20th meeting of the 5th Board of Directors on April 15, 2026. The meeting approved the proposal on the financing and guarantee limits for 2026 with 6 votes in favor, 0 against, and 0 abstentions. The Company and its subsidiaries are authorized to apply for financing limits from banks and other financial institutions (including new financing and extensions of existing credit) totaling no more than 10 billion RMB. Within this total financing limit, the Company will allocate specific business types based on actual conditions.
At the same time, the Company agrees to provide mutual guarantees among subsidiaries, with a guarantee limit not exceeding 8.45 billion RMB (guarantee projects include but are not limited to financing guarantees and trade guarantees). This guarantee matter is subject to approval by the 2025 annual general meeting of shareholders and must be passed by more than two-thirds of the voting rights held by attending shareholders before implementation.
For specific financing and guarantee matters within the above limits, the Board of Directors is authorized to organize implementation based on actual operating conditions and adjust guarantee limits according to similar adjustment principles; Mr. Liang Jie, the Chairman of the Company, or his authorized representative is authorized to sign relevant contracts or agreements without convening another shareholders' meeting. Matters exceeding the above limits must be reviewed and resolved separately according to relevant regulations before implementation.
Estimated Guarantee Limits for Subsidiaries in 2026
| Guarantor | Guaranteed Party | Guarantor's Shareholding Ratio | Guaranteed Party's Latest Asset-Liability Ratio | Current Guarantee Balance (10,000 RMB) | New Guarantee Limit (10,000 RMB) | Guarantee Limit as a Percentage of the Company's Latest Net Assets | Related Guarantee |
|---|---|---|---|---|---|---|---|
| Hanrui Cobalt | Anhui Hanrui New Materials Co., Ltd. | 100% | 58.14% | 50,800 | 150,000 | 27.81% | No |
| Hanrui Cobalt | Ganzhou Hanrui New Energy Technology Co., Ltd. | 100% | 56.20% | 169,380 | 300,000 | 55.61% | No |
| Hanrui Cobalt | Nanjing Hanrui New Materials Co., Ltd. | 100% | 108.07% | 8,300 | 20,000 | 3.71% | No |
| Hanrui Cobalt | Hanrui Cobalt (Singapore) Co., Ltd. | 100% | 54.92% | 31,000 | 80,000 | 14.83% | No |
| Hanrui Cobalt | Nanjing Hanrui Cobalt (Hong Kong) Co., Ltd. | 100% | 106.86% | 15,000 | 80,000 | 14.83% | No |
| Hanrui Cobalt | Hanrui Cobalt (Hong Kong) Investment Co., Ltd. | 100% | 14.89% | 15,000 | 40,000 | 7.41% | No |
| Hanrui Cobalt | Indonesia Hanrui Nickel Industry Co., Ltd. | 70% | 67.97% | 0 | 120,000 | 22.24% | No |
| Hanrui Cobalt | Hanrui Alaska Mining (Hong Kong) Co., Ltd. | 100% | 74.99% | 0 | 15,000 | 2.78% | No |
| Hanrui Cobalt | Hanrui Metals (Congo) Co., Ltd. | 100% | 54.43% | 0 | 40,000 | 7.41% | No |
| Total | 289,480 | 845,000 | 156.64% |