Longi green energy seeks shareholder approvals for 2026 plans

Longi Green Energy Technology will hold its second extraordinary general meeting of shareholders in 2025 to vote on key proposals for 2026. The company proposes inter-company guarantees of up to CNY 50 bn for its subsidiaries, excluding Xi'an LONGi Hydrogen Energy Technology Co., Ltd. and its subsidiaries. Additionally, the company seeks approval to provide guarantees of up to CNY 1 bn for Xi'an LONGi Hydrogen Energy Technology Co., Ltd. and its subsidiaries, which constitutes a related-party transaction.

Further proposals include providing up to CNY 200 m in guarantees for distributed photovoltaic business customers and using up to CNY 30 bn of own funds for entrusted wealth management. The company also plans to engage in foreign exchange derivative transactions with a maximum outstanding amount of $4 bn to mitigate currency and interest rate risks.

Shareholders will also vote on the 2025 employee stock ownership plan and its management measures, along with authorizing the board of directors to handle related matters. The board of directors has approved all these proposals, with relevant interested directors recusing themselves from voting on related-party transactions and the employee stock ownership plan.