Beijing Dongfang Ecological New Energy Co., Ltd. (hereinafter referred to as "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.
Special Reminder: One of the guaranteed parties, Beijing Fuhua Hengyu New Energy Technology Co., Ltd., is a wholly-owned subsidiary of the Company, with a debt-to-asset ratio exceeding 70%. Investors are advised to pay attention to the related risks.
1. Overview of the Guarantee Situation
On January 28, 2026, and February 13, 2026, the Company held the 13th meeting of the 9th Board of Directors and the 2nd extraordinary general meeting of shareholders of 2026, respectively, to review and approve the proposal on providing guarantee limits for wholly-owned subsidiaries and affiliated enterprises. The board agreed to provide a guarantee limit of 200 million RMB for Beijing Fuhua Hengyu New Energy Technology Co., Ltd. and Tianjin Dongfang Tiantai Construction Engineering Co., Ltd., which can be used on a rolling basis within a validity period of 12 months from the date of approval by the shareholders' meeting. The specific details of the guarantee can be found in the Company's designated information disclosure media, including "China Securities Journal," "Securities Times," "Securities Daily," "Shanghai Securities Journal," and the Giant Tide Information Network (www.cninfo.com.cn) under the announcement number 2026-006 regarding the guarantee limits for wholly-owned subsidiaries and affiliated enterprises.
2. Progress of the Guarantee
Recently, the Company's wholly-owned subsidiary, Beijing Fuhua Hengyu New Energy Technology Co., Ltd. (hereinafter referred to as "Fuhua Hengyu"), signed a financing lease contract with China Everbright Financial Leasing Co., Ltd. (hereinafter referred to as "Everbright Leasing") for a lease amount of 20.98 million RMB. Fuhua Hengyu also pledged all receivables owed to the State Grid Beijing Electric Power Company to Everbright Leasing. The Company provided joint liability guarantee for this financing lease and pledged 100% equity of Fuhua Hengyu to Everbright Leasing.
The Company's wholly-owned subsidiary, Tianjin Dongfang Tiantai Construction Engineering Co., Ltd. (hereinafter referred to as "Dongfang Tiantai"), signed a comprehensive credit contract with the Beijing branch of CITIC Bank Co., Ltd. (hereinafter referred to as "CITIC Beijing") for a loan amount of 9.6 million RMB. The Company provided joint liability guarantee for this financing lease and signed a maximum guarantee contract with CITIC Beijing.
As approved by the 2nd extraordinary general meeting of shareholders in 2026, the guarantee limit that the Company can provide to Fuhua Hengyu is 200 million RMB. Before this guarantee, Fuhua Hengyu had a usable guarantee limit of 200 million RMB, and Dongfang Tiantai had a usable guarantee limit of 200 million RMB; after this guarantee, Fuhua Hengyu's usable guarantee limit is 179.02 million RMB, and Dongfang Tiantai's usable guarantee limit is 190.40 million RMB. This guarantee is within the limit approved by the 13th meeting of the 9th Board of Directors and the 2nd extraordinary general meeting of shareholders in 2026, and does not require further approval from the board and shareholders' meeting.