Aiko Solar Energy guarantees 13.5 bn yuan in loans for subsidiary growth

Shanghai Aiko Solar Energy Company Limited has provided guarantees totaling 13.50 billion yuan for its subsidiaries, Zhejiang Aiko Solar Energy Technology Co., Ltd. and Tianjin Aiko Solar Energy Technology Co., Ltd. This includes a 5.00 billion yuan guarantee with China Everbright Bank Jinhua Yiwu Branch and an 8.50 billion yuan guarantee with China Construction Bank Tianjin Beichen Branch. These guarantees, aimed at supporting the subsidiaries' credit facilities, fall within the approved 2025 annual guarantee limit of 362.00 billion yuan, eliminating the need for further shareholder approval.

Following these latest agreements, the cumulative guarantee amount provided by Aiko Solar Energy to its subsidiaries, including cross-guarantees, stands at 241.41 billion yuan. This represents 679.21% of the company's most recently audited net assets. The actual debt outstanding under these guarantees is 137.07 billion yuan. Both subsidiaries are within the company's consolidated financial reporting scope, demonstrating stable operational performance and manageable risk.

The company emphasizes that these guarantees are a strategic move to facilitate the sustainable development of its subsidiaries' operations. They are considered a reasonable and necessary part of the company's overall business strategy, ensuring the continued growth of its photovoltaic interests. As of the announcement date, no guarantees provided by the company or its subsidiaries are overdue.