Wintime Energy to guarantee CNY 21.6m for inter-company financing in 2026

Wintime Energy Group Company Limited has announced an estimated guarantee limit of CNY 21,600,000 for 2026, intended for inter-company guarantees among the company and its controlled subsidiaries. This significant sum will cover various financing activities, including credit, pledge, and mortgage guarantees, as well as financial leasing operations. The board of directors has authorized the chairman to determine specific methods, amounts, and parties involved within this limit, eliminating the need for further board or shareholder approvals.

The guarantee limit is effective from January 1, 2026, to December 31, 2026. As of the announcement date, the total accumulated guarantees provided by Wintime Energy and its subsidiaries amount to CNY 1,907,782.11, representing 40.47% of the company's latest audited net assets. Guarantees to controlled entities with a debt-to-asset ratio exceeding 70% were also noted.

The board's approval was unanimous with all eight directors voting in favor during its 26th meeting on December 12, 2025. This resolution will now be submitted to the third extraordinary general meeting of shareholders in 2025 for final consideration.