Kailuan Group: Provide 350 million yuan guarantee for holding subsidiaries

Kailuan Shares announced that on January 19th, the company signed a "Guarantee Contract" with the Tangshan Branch of the Bank of Communications, providing joint liability guarantee for a loan of 350 million yuan for its holding subsidiary Qian'an Zhonghua Company. The guarantee period is one year, without any counter guarantee. Currently, the company's actual guarantee balance is 210 million yuan, and Shougang Group, with a share ratio of 49.82%, also guarantees 350 million yuan for it. As of the disclosure date of the announcement, the company's total external guarantee amount is 1.901 billion yuan, accounting for 13.29% of the latest audited net assets, with no overdue or irregular guarantees. This guarantee has been approved by the board of directors and the shareholders' meeting.