Putailai extends substantial financial guarantees to key subsidiaries

Shanghai Putailai New Energy Technology Co., Ltd. (Putailai) has provided new guarantees for its subsidiaries, Shenzhen Jiantuo Automation Technology Co., Ltd. and Sichuan Zichen Technology Co., Ltd. Jiantuo Intelligent, a holding subsidiary of Putailai, guaranteed 200 million yuan for Shenzhen Jiantuo, while Putailai guaranteed 150 million yuan for Sichuan Zichen. These guarantees facilitate credit facilities from Industrial Bank Co., Ltd. Shenzhen Branch and China CITIC Bank Co., Ltd. Chengdu Branch.

Following these transactions and after deducting matured guarantees, Putailai and its subsidiaries have cumulatively provided guarantees of 1.5 bn yuan for Shenzhen Jiantuo and 2.25 bn yuan for Sichuan Zichen. For 2025, the total guarantees provided to these two subsidiaries are 300 million yuan and 250 million yuan, respectively, falling within the scope of a previously approved shareholder resolution.

As of the announcement date, the total outstanding external guarantees provided by Putailai, after accounting for matured obligations, amount to 17.431 bn yuan. This figure represents 94.80% of the company's net assets attributable to listed company shareholders as of year-end 2024. Shenzhen Jiantuo's asset-liability ratio exceeded 70% as of June 2025.