EGing Photovoltaic guarantees subsidiary loan amid high debt

EGing Photovoltaic Technology Co., Ltd. has provided a new guarantee of CNY 41,420,500 for its controlled subsidiary, with a total outstanding guarantee balance reaching CNY 366,282,000. This brings the company's total external guarantees to CNY 2,382,105,200, representing 548.05% of its most recent audited net assets attributable to the parent company.

The guarantee covers financing for the subsidiary's operational needs. The subsidiary's financial indicators show total assets of CNY 5,314,516,500 and total liabilities of CNY 5,116,191,700 as of September 30, 2025, resulting in a high asset-liability ratio. The company confirmed that this guarantee falls within the previously approved annual guarantee limit.

Notably, EGing Photovoltaic's total external guarantees, including this new commitment, exceed 100% of the parent company's most recent audited net assets. Additionally, the guarantee is extended to a subsidiary with an asset-liability ratio over 70%, highlighting a concentrated risk profile. There are no overdue external guarantees reported by the company.