Putailai external guarantees reach 95.67% of net assets

Shanghai Putailai New Energy Technology's total external guarantees reached RMB 17.591 billion, representing 95.67% of the company's 2024 net assets, following a RMB 15 million guarantee increase to subsidiary Jiangxi Jiatuo Intelligent Equipment.

Separately, controlling shareholder Liang Feng and consistent action parties now have 276.23 million pledged shares, representing 12.93% of total share capital, after renewing pledges of 73.58 million shares while releasing 19.42 million shares.