Wintime Energy guarantees CNY 200m for subsidiary

Wintime Energy Group Co., Ltd. (SSE:600157) announced it will provide a guarantee not exceeding CNY 200 million for its wholly-owned subsidiary, Zhengzhou Yuzhong Energy Co., Ltd. This guarantee supports Zhengzhou Yuzhong Energy's financing lease and sale-leaseback arrangement with SPD Financial Leasing Co., Ltd. The collateral includes a pledge of 24.4952% equity in Shanxi Lingshi Xinyi Tianyue Coal Industry Co., Ltd., held by Lingshi Yinyuan Coking Coal Development Co., Ltd. As of the announcement, Wintime Energy's total guarantees, including this new guarantee, amounted to CNY 2,041,685.41 million, with guarantees for its subsidiaries reaching CNY 1,739,432.47 million. The company emphasizes the guarantee's necessity for business development and compliance with regulations.