Jinchuan Group International Resources Co. Ltd (Stock Code: 2362) Announces Loan Agreement and Specific Performance Obligations

Bulletin Express

Oct 27

Jinchuan Group International Resources Co. Ltd (Stock Code: 2362) published details of a loan agreement entered on 27 October 2025. Metorex (Proprietary) Limited, a wholly owned subsidiary of the company, serves as the borrower, while a bank acts as the lender for a revolving loan facility totaling up to US$17,000,000 for a 12-month term.

According to the announcement, the loan is intended for the working capital needs of the borrower and its subsidiaries. Under the loan agreement, the ultimate controlling shareholder of the company, Jinchuan Group Co., Ltd. (JCG), must remain in control of the borrower. A breach of this obligation could trigger the termination of the loan facility and potential demand for full repayment by the bank.

JCG currently holds an approximately 57.82% equity interest in Jinchuan Group International Resources Co. Ltd. Disclosure requirements under the Listing Rules mandate that these performance obligations be reported in future annual and interim reports as long as they remain in effect.

In related updates, reference is made to earlier announcements on 28 March 2025 and 16 April 2025, which addressed a delay in publishing annual results, postponement of a board meeting, and suspension of trading following an allegation. Trading in the company’s shares has been suspended since 28 March 2025 and remains so until further notice.

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Ltd (Stock Code: 2362) Announces Loan Agreement and Specific Performance Obligations","media":"Bulletin Express","content":"<p>Jinchuan Group International Resources Co. Ltd (Stock Code: 2362) published details of a loan agreement entered on 27 October 2025. Metorex (Proprietary) Limited, a wholly owned subsidiary of the company, serves as the borrower, while a bank acts as the lender for a revolving loan facility totaling up to US$17,000,000 for a 12-month term.</p>\n<p>According to the announcement, the loan is intended for the working capital needs of the borrower and its subsidiaries. Under the loan agreement, the ultimate controlling shareholder of the company, Jinchuan Group Co., Ltd. (JCG), must remain in control of the borrower. A breach of this obligation could trigger the termination of the loan facility and potential demand for full repayment by the bank.</p>\n<p>JCG currently holds an approximately 57.82% equity interest in Jinchuan Group International Resources Co. Ltd. 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Ltd (Stock Code: 2362) Announces Loan Agreement and Specific Performance Obligations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2025-10-27 23:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Jinchuan Group International Resources Co. Ltd (Stock Code: 2362) published details of a loan agreement entered on 27 October 2025. Metorex (Proprietary) Limited, a wholly owned subsidiary of the company, serves as the borrower, while a bank acts as the lender for a revolving loan facility totaling up to US$17,000,000 for a 12-month term.</p>\n<p>According to the announcement, the loan is intended for the working capital needs of the borrower and its subsidiaries. Under the loan agreement, the ultimate controlling shareholder of the company, Jinchuan Group Co., Ltd. (JCG), must remain in control of the borrower. A breach of this obligation could trigger the termination of the loan facility and potential demand for full repayment by the bank.</p>\n<p>JCG currently holds an approximately 57.82% equity interest in Jinchuan Group International Resources Co. Ltd. Disclosure requirements under the Listing Rules mandate that these performance obligations be reported in future annual and interim reports as long as they remain in effect.</p>\n<p>In related updates, reference is made to earlier announcements on 28 March 2025 and 16 April 2025, which addressed a delay in publishing annual results, postponement of a board meeting, and suspension of trading following an allegation. 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