Yankuang Energy Group Company Limited has tabled a proposal for its 2025 annual general meeting to authorise new financing guarantees of up to USD3.00 billion (or equivalents) for its controlled subsidiaries and invested entities.

The authorisation splits evenly between subsidiaries with asset-liability ratios above and below 70 %, capping each category at USD1.50 billion. The mandate would run from the close of the 2025 AGM until the next shareholders’ meeting, with directors empowered to select beneficiaries and finalise terms.

A separate resolution seeks approval for Yancoal Australia Limited and its controlled entities to issue operational guarantees totalling no more than AUD1.65 billion to Australian subsidiaries. Within this envelope, AUD0.30 billion is earmarked for entities whose leverage exceeds 70 %, and AUD1.35 billion for those below that threshold. Guarantees will primarily take the form of bank guarantees, reflecting common Australian operating practice.

The board endorsed both proposals at its 22nd meeting of the ninth session on 27 March 2026, citing lower financing costs and uninterrupted funding for subsidiary operations. All guaranteed parties are within the Yankuang Energy group, which the board believes contains risk exposure.

As at 31 December 2025, Yankuang Energy and its controlled subsidiaries had outstanding external guarantees of RMB9.25 billion, representing 9.20 % of audited parent-level net assets of RMB100.48 billion for 2025.

Shareholder approval will authorise any director to execute guarantee agreements, determine amounts and terms, and handle associated filings under Chinese and Australian regulations.