Yineng Power: Plans to provide a guarantee of no more than 50 million yuan to its wholly-owned subsidiary, Wuxi Yineng Huishang Mechanical and Electrical Engineering Co., Ltd.

2026-02-28 00:55:15

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Yineng Power announced on February 26th that to support the business operations of its wholly-owned subsidiary Wuxi Yineng Huishang Mechanical and Electrical Engineering Co., Ltd., the company plans to provide joint liability guarantees for its bank credit applications. The total guarantee amount will not exceed 50 million yuan (including the amount of external guarantees already provided and the amount of guarantees under this review). The guarantee is valid from the date of approval by the Ninth Meeting of the Fourth Board of Directors (February 25, 2026) until October 31, 2026; if a single loan under the credit line exceeds the aforementioned validity period, the resolution’s validity period will automatically extend until the loan matures. This proposal was approved at the Ninth Meeting of the Fourth Board of Directors on February 25, 2026, and does not constitute a related-party transaction.

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