Announcement Regarding the Provision of Guarantees for the Company and Its Subsidiaries
Special Risk Warning:
The total amount of guarantees provided by EVE Energy Co., Ltd. (hereinafter referred to as the "Company") and its holding subsidiaries exceeds 100% of the most recent audited net assets. Investors are advised to pay attention to the relevant risks.
The Company held the 13th meeting of the 7th Board of Directors on August 19, 2026, where the "Proposal on Providing Guarantees for Subsidiaries" was reviewed and approved. The details are as follows:
I. Overview of Guarantee Situation
1. Guarantees Provided for the Company
The Company intends to apply for a loan of no more than RMB 500 million from the Guangdong Branch of the China Development Bank with a term of 5 years. The Company's subsidiary, Jingmen EVE Energy Co., Ltd. (hereinafter referred to as "Jingmen Chuangneng"), intends to provide a third-party full-amount joint and several liability guarantee for the aforementioned loan.
2. Guarantees Provided for Subsidiaries
(1) The Company's subsidiary, Hefei EVE Energy Co., Ltd. (hereinafter referred to as "Hefei EVE"), intends to apply for a loan of no more than RMB 450 million from the Hefei Economic and Technological Development Zone Branch of China Construction Bank with a term of 2 years; it also intends to apply for a loan of no more than RMB 450 million from the Hefei Development Zone Branch of Bank of China with a term of 2 years. To support the business development of the subsidiary, the Company intends to provide a full-amount joint and several liability guarantee for Hefei EVE.
(2) Jiangsu EVE Linyang Energy Storage Technology Co., Ltd. (hereinafter referred to as "EVE Linyang") intends to apply for a loan of no more than RMB 560 million from the Huizhou Branch of CITIC Bank with a term of 5 years. According to the joint venture agreement, the shareholders of EVE Linyang will provide joint and several liability guarantees in proportion to their respective shareholdings. EVE Power holds 65% of EVE Linyang's shares, and the Company intends to provide a guarantee of no more than RMB 364 million for EVE Linyang; the other shareholder, Jiangsu Linyang Energy Co., Ltd., holds 35% of the shares and intends to provide a guarantee of no more than RMB 196 million.
(3) The Company's subordinate company, Huizhou EVE Power Battery Co., Ltd. (hereinafter referred to as "Huizhou EVE Power"), intends to apply for a comprehensive credit line of no more than RMB 600 million from the Huizhou Branch of Bank of Guangzhou with a term of one year. To support the business development of the subsidiary, the Company intends to provide a joint and several liability guarantee for Huizhou EVE Power.
(4) The Company's subsidiary, EVE Asia Co., Ltd. (hereinafter referred to as "EVE Asia"), intends to apply for a comprehensive credit line of no more than RMB 500 million from the Guangdong Branch of the Export-Import Bank of China with a term of three years; it intends to apply for a new comprehensive credit line of no more than RMB 300 million from the Guangdong Branch of the China Development Bank with a term of three years; it intends to apply for a comprehensive credit line of no more than RMB 1 billion from the Huizhou Branch of CITIC Bank with a term of three years; and it intends to apply for a comprehensive credit line of no more than RMB 350 million from the Shenzhen Branch of OCBC Bank with a term of no more than three years. To support the business development of the subsidiary, the Company intends to provide a joint and several liability guarantee for EVE Asia.