China Tianrui Group Cement (1252) published an announcement of a continuing connected transaction and major transaction involving a 2025 Framework Agreement with Tianrui Group Company and Tianrui Cement. The arrangement spans from 1 January 2026 to 31 December 2028, succeeded from a prior 2022 Framework Agreement.

Under this agreement, Tianrui Group Company will provide guarantees for the Company’s financing needs, while the Company will furnish mutual guarantees for Tianrui Group Company (excluding aluminum-related subsidiaries). The annual limit for the Company Guarantee is set at RMB2,500 million of maximum daily balance, and RMB9,000 million for the Tianrui Group Guarantee. The Company also noted that a counter guarantee will be offered by the controlling shareholder to indemnify the Company if Tianrui Group Company or its subsidiaries defaults.

An extraordinary general meeting is scheduled on 16 February 2026 in Henan Province. Shareholders are advised that only those whose names appear on the Company’s register by 10 February 2026 are eligible to attend and vote. The board recommends approval of the relevant resolutions, citing that guarantee arrangements are common in securing bank financing in the PRC and that the Group benefits from added flexibility and support in obtaining loans and credit facilities.