GEM stated on an interactive platform in response to investor questions:
(1) The company maintains safety stock of sulfur and procures sulfuric acid locally at its nickel resource projects, which can meet production planning requirements.
(2) The company continuously monitors its debt situation and has been improving and optimizing its debt structure through various means. This financial assistance is to continue fulfilling shareholder funding obligations under the GEN joint venture agreement and share purchase agreement, with GEN shareholders jointly providing loans to GEN. The company's subsidiary provides a loan in an amount not exceeding its shareholding ratio. This measure is conducive to ensuring the smooth operation of the Indonesian MHP nickel-cobalt project, securing raw material supply, and realizing the resource guarantee value of its equity participation. It serves the company's strategic development interests and the interests of the broad investor base. This matter has gone through the review procedures of the board of directors and shareholders' meeting, and the procedures are legal and compliant.
(3) The company's Hong Kong listing work is progressing in an orderly manner. The company will, in accordance with relevant laws and regulations, timely fulfill its information disclosure obligations based on the subsequent progress of this offering and listing. Investors are kindly requested to pay attention to the company's subsequent announcements.
(4) The company has always attached great importance to financial structure optimization and risk control, and continuously advances debt reduction, quality improvement, and efficiency enhancement. The company continuously deepens cooperation with high-quality banks and enterprises, continuously optimizes debt maturity and financing structure, orderly reduces debt scale, and effectively lowers financial costs. Meanwhile, the company steadily reduces its asset-liability ratio through multiple measures: First, continuously strengthen collection management, improve asset turnover efficiency, and increase operating cash flow; Second, orderly revitalize existing assets, dispose of external equity investments at appropriate times, and accelerate the recovery of investment funds; Third, steadily advance capital operations such as the Hong Kong listing, optimize the capital structure, and achieve continuous and steady improvement in the company's financial condition.
