E-COMMODITIES (01733) signed a counter-guarantee contract with Xiangyu Stock.

E-COMMODITIES (01733) announced that on December 16, 2024, Xiang Hui Singapore (a wholly-owned subsidiary of Xiang Hui Energy) signed a master agreement with designated Bank A for foreign exchange derivative transactions (including forward exchange transactions, options, swaps, etc.). In relation to the transactions intended under the master agreement, Xiangyu Holdings agrees to provide a corporate guarantee to Bank A in an amount not exceeding approximately $7 million USD and to sign a bank guarantee contract to ensure that Xiang Hui Singapore fulfills its responsibilities and obligations under the master agreement. Xiang Hui Energy is held 49% by the company and 51% by Xiangyu Holdings. On January 17, 2025, the company and Xiangyu Holdings entered into a counter-guarantee contract I, where the company agrees to provide a counter-guarantee I in an amount not exceeding approximately $3.773 million USD to Xiangyu Holdings in proportion to their 49% ownership in Xiang Hui Energy under bank guarantee contract I, including any guarantee amounts, accrued interest, default penalties, compensation, and other related expenses. To further expand the coal trading business, the parties involved in the contract provide sufficient operational funding support to Xiang Hui Energy through counter-guarantees and arrangements in the related transaction documents.