Chint Electric expands guarantees, continues share repurchase program

Zhejiang Chint Electric is progressing on multiple fronts with strategic financial moves. The company's board has approved an increase in external guarantees for its subsidiaries, primarily in the new energy sector. These guarantees, denominated in CNY, EUR, and USD, facilitate the growth of its renewable energy projects and support the financial needs of its subsidiaries. As of the latest disclosure, the total external guarantees by the company and its subsidiaries amount to CNY 2,443,501.93.