The company and its board of directors ensure that the contents of this announcement are true, accurate, complete, and free of false records, misleading statements, or significant omissions.
Sungrow Power Supply Co., Ltd. (hereinafter referred to as "the Company" or "Sungrow") held its 2026 annual general meeting on March 31, 2026, and approved the proposal on providing the guarantee quota for subsidiaries and external guarantees as follows:
1. Guarantee Overview
(1) The company plans to provide a guarantee quota for 2026 to meet the operational needs of its subsidiaries. The total guarantee quota for 2026 is planned to be no more than RMB 1.5 billion. The company will provide guarantees for subsidiaries with asset-liability ratios above 70%, with a guarantee amount not exceeding RMB 1.36 billion. For subsidiaries with asset-liability ratios above 70%, the company will provide guarantees of no more than RMB 140 million. This will be reviewed at the annual shareholders' meeting in 2025.
(2) The company will provide external guarantees.
1. Guarantees Provided by the Company
(1) Jiangsu Sungrow Yuhuan Energy Technology Co., Ltd. (hereinafter referred to as "Yuhuan") is wholly owned by the company. To meet the operational needs of Yuhuan, the company plans to provide guarantees not exceeding RMB 100 million, with a guarantee period not exceeding five years.
(2) Wenzhou Sungrow Electric Technology Co., Ltd. (hereinafter referred to as "Wenzhou") is wholly owned by the company. To meet the operational needs of Wenzhou, the company plans to provide guarantees not exceeding RMB 150 million, with a guarantee period not exceeding five years.
2. Guarantees Provided to Customers
The company plans to provide guarantees for the following subsidiaries: