China Tianying Co., Ltd. (hereinafter referred to as "China Tianying" or "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or major omissions.
I. Internal Guarantee Limit Adjustment
China Tianying Co., Ltd. held the 11th meeting of the 9th Board of Directors on April 27, 2025, and the 2024 Annual General Meeting on June 10, 2025, where it reviewed and approved the proposal on the guarantee limit for subsidiaries for 2025. The Company agreed to provide an additional guarantee limit of no more than RMB 17.01 billion on top of the existing total guarantee amount, including but not limited to guarantees between the Company and its wholly-owned subsidiaries, among various wholly-owned subsidiaries, and for equity investee subsidiaries. To improve decision-making efficiency, the shareholders' meeting has authorized the Company's chairman and management to approve specific matters regarding guarantees within the stipulated limit and to adjust the guarantee limits based on the actual needs of the Company and its subsidiaries, signing all necessary legal documents for the guarantees. For details, please refer to the announcement on the guarantee limit for subsidiaries for 2025 disclosed by the Company on April 29, 2025, in "China Securities Journal," "Securities Times," and the Giant Tide Information Network (Announcement No.: TY2025-13).
To meet the financing needs of its subsidiaries, within the authorization scope of the 2024 Annual General Meeting, the Company will allocate RMB 374.5 million of the unused guarantee limit from its wholly-owned subsidiary Jilin Tianying New Energy Co., Ltd. to its wholly-owned subsidiary Liaoyuan Longshan District Jinen Wind Power Co., Ltd. (hereinafter referred to as "Longshan Jinen Wind Power") and RMB 200 million to its wholly-owned subsidiary Liaoyuan Xian District Deneng Wind Power Co., Ltd. (hereinafter referred to as "Xian Deneng Wind Power"). The amounts adjusted account for 5.18% of the Company's most recent audited net assets. The specific details of the guarantee limit adjustment are as follows:
| Guarantor | Guaranteed Party | Approved New Guarantee Limit | Unused Guarantee Limit Before Adjustment | Guarantee Limit Adjusted This Time | Available Guarantee Limit After Adjustment |
|---|---|---|---|---|---|
| Company and Jilin Tianying | 680,000.00 | 520,200.00 | -57,450.00 | 462,750.00 | |
| Subsidiary Longshan Jinen Wind Power | 0 | 0 | 37,450.00 | 37,450.00 | |
| Xian Deneng Wind Power | 0 | 0 | 20,000.00 | 20,000.00 |