Putailai boosts subsidiary funding with new guarantee, expands total outstanding guarantees

Shanghai Putailai New Energy Technology Group Company Limited (Putailai) has provided a guarantee of CNY 500 million for its wholly-owned subsidiary, Sichuan Zhuoqin New Material Technology Co., Ltd. (Sichuan Zhuoqin). This guarantee facilitates Sichuan Zhuoqin's project construction, specifically for the import of lithium battery separator manufacturing equipment from Sumec International Technology Co., Ltd. Following this, Putailai's cumulative guarantees to Sichuan Zhuoqin now total CNY 4.718 billion.

The decision was approved at the third meeting of the third board of directors and the first extraordinary general meeting of 2025. These approvals include an additional guarantee amount of CNY 520 million for subsidiaries in 2025. Putailai also adjusted its guarantee quotas, transferring CNY 338 million from Jiangxi Zichen Technology Co., Ltd. to Sichuan Zhuoqin.

As of the announcement date, Putailai's total outstanding external guarantees, including the new addition and after deducting matured guarantees, amount to CNY 17.421 billion. This represents 94.75% of the company's net assets attributable to shareholders as of the end of 2024. The company confirmed no overdue external guarantees or guarantees to entities outside its wholly-owned and controlling subsidiaries.