Guocheng Mining provided 180 million yuan in financing lease guarantee for its subsidiary, Guocheng Lithium.

Guocheng Mining announced that the company had previously approved a proposal to increase the guarantee amount for its subsidiary Guocheng Lithium by up to 1.55 billion yuan. Recently, Guocheng Lithium and Ji Yin Leasing engaged in a financing lease business, with the company providing a maximum joint and several liability guarantee of 180 million yuan for the business. This falls within the approved scope of guarantees and does not require further approval. Guocheng Lithium was established in 2023, with Guocheng Mining holding a 75% stake. As of June 30, its total assets were 366.4591 million yuan, total liabilities were 126.415 million yuan. This guarantee will help the development of Guocheng Lithium while keeping risks under control. As of the announcement disclosure date, the actual external guarantee balance of the company and its controlling subsidiaries was 1647.5715 million yuan, which will not exceed 1827.5715 million yuan after this guarantee.