Pingmei Coal Group: It intends to provide joint liability guarantees for 3 billion yuan in financing for its holding subsidiary.

Pingmei Stock announced that its controlling subsidiary, Rufen Carbon Materials, applied for a comprehensive credit line of 300 million yuan from the Zhengzhou Branch of Huaxia Bank, which has now expired. They plan to continue applying for a comprehensive credit line not exceeding 300 million yuan, with a term not exceeding one year. The company intends to provide joint liability guarantee for the financing, with a maximum guarantee principal of 300 million yuan and interest. On February 2, the company's tenth board of directors has approved the proposal. As of the disclosure date of the announcement, the company's total external guarantees amount to 1.978 billion yuan, accounting for 7.56% of the most recent audited net assets.