AXNMC: Provided a guarantee of 48 million yuan for its holding subsidiary

Zhitong
2025.09.11 09:21

On September 11, 2025, AXNMC signed a "Maximum Guarantee Contract" with the Feixi Branch of Jiujiang Bank, providing a joint liability guarantee of 48 million yuan for its holding subsidiary, AXN Copper Industry. The guarantee period is three years, with no counter-guarantee. Upon the contract's effectiveness, similar contracts signed in August 2024 will be automatically terminated. As of the announcement date, AXNMC's guarantee balance for AXN Copper Industry reached 1.37026 billion yuan. This guarantee has been reviewed and approved by the company's board of directors and shareholders' meeting. The total external guarantee amount for AXNMC and its holding subsidiaries is 2.23476 billion yuan, accounting for 156.2% of the most recent audited net assets, with no overdue guarantees. This guarantee is to meet the business development needs of the subsidiary, and the risk is controllable

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