Overview of Financial Assistance
Important Content Reminder:
- The financial assistance is aimed at a wholly-owned subsidiary with related party shareholding, with a proposed amount not exceeding 50 million RMB, for a period not exceeding three years, at an annual interest rate of 1.8%-3.0% based on the current financial market environment.
- This financial assistance has been approved by the company's sixth board of directors at the first meeting of 2026, and does not require submission to the shareholders' meeting.
Overview of Financial Assistance
Longyuan Power Group Co., Ltd. (hereinafter referred to as "the Company" or "Longyuan Power") held the first meeting of the sixth board of directors on March 31, 2026, where the proposal to provide financial assistance to its wholly-owned subsidiary, Guoneng Longyuan Leping New Energy Co., Ltd. (hereinafter referred to as "Longyuan Leping" or "the assisted entity"), was approved with 9 votes in favor, 0 against, and 0 abstentions. According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," "Hong Kong Stock Exchange Securities Listing Rules," and the Articles of Association of Longyuan Power Group Co., Ltd., this proposal does not require submission to the shareholders' meeting.
To meet the financing needs for the early stages and construction of renewable energy projects, and to ensure the smooth implementation of the 2026 project production targets, the Company plans to provide financial assistance of up to 50 million RMB to its wholly-owned subsidiary, Longyuan Leping, in 2026. The assistance period will not exceed three years, with an annual interest rate of 1.8%-3.0%, primarily for the construction of wind power and other renewable energy infrastructure projects. Longyuan Leping is a wholly-owned subsidiary with 51% shareholding by the Company but has related party shareholding. The Company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Basic Information on Financial Assistance
The Company has signed relevant agreements regarding this financial assistance with the assisted entity. Other shareholders of the assisted entity will provide equal financial assistance under the same conditions, including amount, term, interest rate, default liability, and guarantee measures. This financial assistance will not affect the normal business operations and fund usage of the Company and does not fall under the circumstances prohibited by the "Shenzhen Stock Exchange Stock Listing Rules" and "Self-Regulatory Guidelines No. 1 for Main Board Listed Companies."
Basic Information on the Assisted Entity
Company Name: Guoneng Longyuan Leping New Energy Co., Ltd.
Establishment Date: December 21, 2017
Registered Capital: 436.83925 million RMB
Registered Location: Maizhu Village, Agang Town, Leping County, Qujing City, Yunnan Province
Legal Representative: Liu Xiangxiong
Main Business: Development, construction management, and operation of renewable energy projects and related industries; installation, debugging, and maintenance of wind power generators; consulting and training on renewable energy and wind power technology. (Projects requiring approval must be conducted after approval by relevant departments)