Hopewind Electric guarantees subsidiary's RMB 250m credit line

Shenzhen Hopewind Electric Co., Ltd. announced a RMB 250 million guarantee for its wholly-owned subsidiary, Suzhou Hopewind Electric Co., Ltd. This guarantee supports a credit line agreement with Bank of China Suzhou Wuzhong Branch, covering various financial services including short-term loans, trade financing, and bank acceptance bills. The guarantee period extends from November 17, 2025, to October 30, 2026. This action is consistent with a resolution passed at Hopewind Electric's 2024 annual shareholders' meeting, which approved a total guarantee amount of up to RMB 380,000 million for wholly-owned subsidiaries with a debt-to-asset ratio exceeding 70%.

As of the disclosure date, Hopewind Electric's total external guarantees amount to RMB 552,518.94, representing 128.44% of its most recently audited net assets. Guarantees for wholly-owned subsidiaries alone total RMB 489,736.91. This specific guarantee falls within the previously approved annual guarantee limit. Suzhou Hopewind Electric's latest financial data (unaudited, as of September 2025) shows total assets of RMB 128,175.51, liabilities of RMB 95,224.82, and a net profit of RMB 896.27.

The company emphasizes that this guarantee aligns with its strategy for stable development and supports its subsidiary's production and operations, while maintaining control over potential risks due to its full ownership. There are no overdue external guarantees reported by Hopewind Electric.