Wintime Energy to repurchase shares, reduce capital, and guarantee subsidiaries

Wintime Energy Group Co., Ltd. approved a share repurchase program, with a total value between 300 million yuan and 500 million yuan. The shares, ranging from 120 million to 200 million, will be acquired via centralized bidding at a maximum price of 2.50 yuan per share and will be canceled to reduce registered capital. The buyback period runs from December 22, 2025, to December 21, 2026. This action aims to optimize the capital structure and enhance shareholder value.

Concurrently, Wintime Energy announced a guarantee for its wholly-owned subsidiary, Shanxi Kangwei Group Co., Ltd., for a comprehensive credit facility not exceeding 280 million yuan for one year. The guarantee includes joint liability from Wintime Energy and its subsidiary, Shanxi QinYuan Kangwei SendaYuan Coal Industry Co., Ltd. The total outstanding guarantee for Kangwei Group is 618.1432 million yuan.

As of the announcement date, the total guarantees provided by Wintime Energy and its subsidiaries amount to 18.921 billion yuan, representing 40.13% of the company's net assets as of the latest audited period. The company also announced a creditor notification process for the capital reduction due to the share repurchase.