E-COMMODITIES Signs Two Counter-Guarantee Agreements with Xiangyu Co., Ltd.

Stock News10-16 18:48

E-COMMODITIES (01733) has announced that on 16 October 2026, the company entered into Counter-Guarantee Contract I with Xiangyu Co., Ltd.

Under Counter-Guarantee Contract I, the company agreed to provide counter-guarantee I to Xiangyu Co., Ltd. in proportion to its 49% equity interest in Xianghui Energy, covering the corresponding proportion of the guarantee amount that Xiangyu Co., Ltd. may pay to Designated Bank A under Bank Guarantee Contract I in respect of the relevant bank credit facility, as well as any compensation, any accrued interest, any penalty, damages and other related fees and expenses paid to Designated Bank A, with the total amount not exceeding RMB 98 million or USD 14.21 million.

On 16 October 2026, the company also entered into Counter-Guarantee Contract II with Xiangyu Co., Ltd.

Under Counter-Guarantee Contract II, the company agreed to provide counter-guarantee II to Xiangyu Co., Ltd. in proportion to its 49% equity interest in Xianghui Energy, covering the corresponding proportion of the guarantee amount that Xiangyu Co., Ltd. may pay to Designated Bank B under Bank Guarantee Contract II in respect of the relevant bank credit facility, as well as any compensation, any accrued interest, any penalty, damages and other related fees and expenses paid to Designated Bank B, with the total amount not exceeding RMB 24.5 million.

Pursuant to Counter-Guarantee Contract II, the company and Xiangyu Co., Ltd. mutually agreed to terminate the September 2025 Counter-Guarantee Contract II with immediate effect.

This announcement is made by the company pursuant to Rule 14A.35 of the Listing Rules.

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