Xianglu Tungsten Industry announced that the company recently signed maximum guarantee contracts with the Industrial and Commercial Bank and the Agricultural Bank to provide joint liability guarantees with a maximum balance of 100 million yuan and 135 million yuan for the wholly-owned subsidiary Jiangxi Xianglu Tungsten Co., Ltd., respectively. This guarantee is within the scope of approval by the shareholders' meeting. As of the disclosure date of the announcement, the company's total guarantee amount was 965 million yuan, accounting for 79.91% of the 2025 audited net assets; the actual guarantee amount was 467 million yuan, accounting for 38.73% of the 2025 audited net assets. They were all subsidiary guarantees within the scope of the consolidated statement, with no overdue or litigation guarantees.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.