Baowu Magnesium: Plans to provide a guarantee of 99.12 million yuan for its equity investment subsidiary and transfer equity

Baowu Magnesium announced that the company plans to transfer 40% of its equity in the affiliated subsidiary Yian Yunhai. To ensure its working capital before the equity transfer, Yian Yunhai intends to apply for guaranteed financing not exceeding 248 million yuan, with the company providing a guarantee amount of 99.12 million yuan based on its 40% equity stake, accounting for 1.86% of the audited net assets as of the end of 2024. The guarantee period will last until the equity transfer date or the date of exit from the guarantee responsibility, which will be assumed by the acquirer. This related guarantee still requires approval from the shareholders' meeting. From the beginning of 2025 to the disclosure date, the company has accumulated related transactions with Yian Yunhai amounting to 125 million yuan. As of the disclosure date, the company has provided a total of 407 million yuan in external guarantees, with no overdue guarantees