Dazhong Mining announced that Hunan Dazhonghe, a wholly-owned subsidiary of the company, signed a 42 million yuan “pre-project loan contract” with the Chenzhou branch of Industrial Bank. The company provided a joint liability guarantee for the financing and signed a “guarantee contract”. The guarantee period was three years from the date the debt performance period expires. Chengtai Mining, a subsidiary of Hunan Dazhonghe, also provides joint and several liability guarantees. Prior to this guarantee, the company could use a guarantee amount of 2,856 million yuan for Hunan Dazhonghe, with a guarantee balance of 205 million yuan. After the guarantee, the amount available was RMB 2,814 million, and the guarantee balance was RMB 247 million. The cumulative guarantee balance of the company and its subsidiaries was RMB 2,448 million, accounting for 33.44% of the latest audited net assets.

Dazhong Mining announced that Hunan Dazhonghe, a wholly-owned subsidiary of the company, signed a 42 million yuan “pre-project loan contract” with the Chenzhou branch of Industrial Bank. The company provided a joint liability guarantee for the financing and signed a “guarantee contract”. The guarantee period was three years from the date the debt performance period expires. Chengtai Mining, a subsidiary of Hunan Dazhonghe, also provides joint and several liability guarantees. Prior to this guarantee, the company could use a guarantee amount of 2,856 million yuan for Hunan Dazhonghe, with a guarantee balance of 205 million yuan. After the guarantee, the amount available was RMB 2,814 million, and the guarantee balance was RMB 247 million. The cumulative guarantee balance of the company and its subsidiaries was RMB 2,448 million, accounting for 33.44% of the latest audited net assets.