Chint Electrics to vote on financial agreements, policy revisions

Zhejiang Chint Electrics will hold its third extraordinary shareholders' meeting on November 4, 2025, to vote on several proposals. The company and its subsidiaries, Chint Anneng Digital Energy (Zhejiang) Co., Ltd., and Jiangsu Tongrun Equipment Technology Co., Ltd., plan to enter into financial service agreements with Chint Group Finance Co., Ltd. These agreements cover credit services, deposit services, and unified capital settlement. As of June 30, 2025, Chint Electrics and its subsidiaries had deposits of 5.966 bn yuan and loans of 1.571 bn yuan with Chint Group Finance. The proposed maximum daily credit facility is 5 bn yuan, with maximum daily deposits capped at 80m yuan.

Additionally, shareholders will consider revisions to the "Zhejiang Chint Electrics Co., Ltd. Management System for Raised Funds" and the "Zhejiang Chint Electrics Co., Ltd. External Guarantee Management System." These updates aim to strengthen control over the management and use of raised funds and external guarantees, ensuring compliance with regulations and protecting investor interests.

The meeting will take place in Shanghai, with both in-person and online voting options available. The board of directors has already approved all proposed resolutions.