E-COMMODITIES (01733) provides counter-guarantee by holding a 49% equity stake in Xianghui Energy.

E-COMMODITIES (01733) announced that on May 29, 2025, its wholly owned subsidiary, Xianghui Energy (Ejina Banner), signed a financing contract with a designated bank, whereby the bank will provide a credit limit not exceeding RMB 50 million to Xianghui Energy (Ejina Banner). In connection with this bank credit, Xiangyu Holdings agreed to provide corporate guarantee to the designated bank for all obligations and commitments of Xianghui Energy (Ejina Banner) under the financing contract, and signed a bank guarantee contract. Xianghui Energy is jointly owned by the Company and Xiangyu Holdings, holding 49% and 51% respectively. On May 30, 2025, the Company entered into a counter-guarantee agreement with Xiangyu Holdings, agreeing to provide a total of RMB 26.95 million as counter-guarantee based on the 49% shareholding in Xianghui Energy, for any guarantee amount, accrued interest, default penalties, compensation, and other related expenses that Xiangyu Holdings may be required to pay to the designated bank under the bank guarantee contract. To further expand the coal trading business of Xianghui Energy (Ejina Banner), the contracting parties have arranged sufficient operational funding support for Xianghui Energy (Ejina Banner) through counter-guarantees and related transaction documents. The counter-guarantee has been approved by the board of directors unanimously, with no director having any significant interests in the transactions under the counter-guarantee.