WTECL: Provides a guarantee of 200 million yuan for its wholly-owned subsidiary Yuzhong Energy

On April 18th, WTECL announced that the company provided a joint liability guarantee for its wholly-owned subsidiary Zhengzhou Yuzhong Energy Co., Ltd. to apply for a financing lease sale-leaseback business of no more than 200 million yuan, with a term of no more than 21 months, to Pudong Development Bank Financial Leasing Co., Ltd. Additionally, a pledge was made using the 24.4952% equity held by Lingshi Yinyuan Coal and Coke Development Co., Ltd. in Shanxi Lingshi Xinyi Tianyue Coal Industry Co., Ltd. This guarantee was approved by the company's chairman and the relevant guarantee contract was signed. As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries reached 20.417 billion yuan, accounting for 44.01% of the company's most recent audited net assets and 19.07% of total assets