Taisheng Wind Power Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Overview of Financial Assistance
On May 28, 2021, Taisheng Wind Power Group Co., Ltd. held the 16th meeting of the 4th Board of Directors and the 13th meeting of the 4th Supervisory Board, where it approved the proposal to provide financial assistance to its wholly-owned subsidiary, Taisheng Wind Power (Beijing) Technology Development Co., Ltd. (hereinafter referred to as "Beijing Taisheng"). The Company agreed to provide financial assistance of up to RMB 70 million using its own funds for the subsidiary's operations and investment in Taisheng Wind Power (Songxian) New Energy Development Co., Ltd. (hereinafter referred to as "Taisheng Songxian Wind Farm"). The financial assistance will be in the form of a loan with a term of 5 years, and the financial assistance fee will be charged at an annualized rate of 5.7% based on the actual loan amount. For further details, please refer to the announcement disclosed by the Company on May 29, 2021 (Announcement No. 2021-027).