Hopewind Electric guarantees $350m for subsidiary to boost operations

Shenzhen Hopewind Electric Co., Ltd. (Hopewind Electric) announced it has provided new guarantees totaling 350,000,000 yuan for its wholly-owned subsidiary, Shenzhen Hopewind Technology Co., Ltd. These guarantees, comprising 100,000,000 yuan with China Guangfa Bank Shenzhen Branch and 250,000,000 yuan with Shanghai Pudong Development Bank Shenzhen Branch, facilitate credit lines for working capital, trade financing, and other business operations. The guarantees fall within the previously approved annual guarantee limit of 3,800,000,000 yuan for wholly-owned subsidiaries with an asset-liability ratio above 70%.

As of the announcement date, Hopewind Electric's total external guarantees amount to 5,701,176,300 yuan, representing 132.54% of its most recent audited net assets. Guarantees for wholly-owned subsidiaries specifically account for 5,073,356,000 yuan, or 117.94% of the net assets.

Shenzhen Hopewind Technology Co., Ltd., with registered capital of 850,000,000 yuan, reported total assets of 3,025,867,600 yuan and net assets of 1,003,387,900 yuan for January-June 2025 (unaudited). Its asset-liability ratio exceeds 70%, making it eligible for these guarantees under Hopewind Electric's policy. The company confirmed no irregular or overdue guarantees.