Meijin Energy: Providing a total of 90 million yuan in guarantees for subsidiaries and associates.

date
05/02/2026
Meijin Energy announced that recently, the company provided joint liability guarantee for the 50 million yuan credit line applied by its holding subsidiary Huasheng Chemical to China CITIC Bank; Huasheng Chemical provided a guarantee of 40 million yuan for the 100 million yuan credit line applied by its partially owned company Qingxuhongbo to China Everbright Bank. The proposal for the related guarantees has been approved at the company's first extraordinary general meeting of shareholders in 2026. After this guarantee, the estimated remaining guarantee amount for the company and its subsidiaries for its holding subsidiary is 3.95 billion yuan, and the guarantee balance for the company to its subsidiaries and partially owned companies is 7.272 billion yuan, accounting for 50.32% of the latest audited net assets attributable to the parent company.