Longi Green Energy ends GDR plan, boosts hydrogen unit, launches staff incentives

Longi Green Energy Technology Co. Ltd. announced plans to provide guarantees of up to 1 billion yuan for its subsidiary, Xi'an LONGi Hydrogen Energy Technology Co., Ltd., and its sub-subsidiaries in 2026. This is considered a related party transaction due to indirect shareholdings by key company personnel. As of November 30, 2025, the company's total external guarantees amounted to 24,073,567,700 yuan, representing 39.53% of its latest audited net assets.

The company also announced the termination of its plan to issue Global Depository Receipts (GDRs) and list them on the SIX Swiss Exchange, citing evolving external factors. Concurrently, Longi Green Energy revealed its 2025 employee stock ownership plan, involving up to 774 core management and technical personnel. The plan's total capital is capped at 369,315,450 yuan, and shares will be acquired from the company’s buyback account at 18.61 yuan per share.

Furthermore, Longi Green Energy intends to use up to 30 billion yuan of its own funds for entrusted wealth management in 2026. This initiative aims to enhance capital efficiency through low-risk, high-liquidity financial products, contributing to increased returns for shareholders.