300471SZSE

Progress Announcement on Providing Guarantees for Wholly-Owned Subsidiaries

Hopu Co., Ltd.··4 pages

✨ AI Summary

On March 30, 2026, the board of Huopu Clean Energy (Group) Co., Ltd. approved a guarantee of up to RMB 20 million for its subsidiaries. This includes a maximum of RMB 10 million for subsidiaries with a debt-to-asset ratio below 70% and another RMB 10 million for those above. Recently, the company signed guarantee contracts with Chengdu Rural Commercial Bank for loans totaling RMB 1 million for two subsidiaries.

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Full Translation

AI Translation· azure_openai

1. Overview

On March 30, 2026, Huopu Clean Energy (Group) Co., Ltd. (hereinafter referred to as "the Company") held the 27th meeting of the 5th Board of Directors, which approved the proposal on the estimated guarantee limit for its wholly-owned or controlling subsidiaries, including Sichuan Ji Qi Rui Aviation Equipment Co., Ltd. (hereinafter referred to as "Ji Qi Rui"). The Company plans to provide a total guarantee limit not exceeding RMB 200 million for applications for comprehensive credit from banks and financial institutions. Among this, the estimated guarantee limit for subsidiaries with a debt-to-asset ratio below 70% is not more than RMB 100 million, and for those above (including) 70%, it is also not more than RMB 100 million. The validity period for the guarantee limit is no more than twelve months from the date of approval by the Board of Directors, and within this period, the actual guarantee limit can be used in a rolling manner within the authorized scope. For further details, please refer to the announcement disclosed by the Company on March 31, 2026, on the Giant Tide Information Network (www.cninfo.com.cn).

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