Goldwind Tech to guarantee South African subsidiary's debt

Xinjiang Goldwind Science & Technology (SZSE:002202) announced that it will guarantee obligations for its holding subsidiary, Goldwind New Energy South Africa Proprietary Limited, related to a long-term maintenance service agreement. Goldwind and its subsidiary, Goldwind International Holdings (Hong Kong), will jointly provide guarantees, with the total amount not exceeding RMB 872.7 million. This covers performance and breach of contract liabilities under the agreement with Fe Overberg Proprietary Limited. The guarantee period extends until Goldwind New Energy South Africa fulfills all responsibilities under the service agreement. As of November 30, 2024, Goldwind New Energy South Africa's total assets were RMB 1.082 billion and total liabilities were RMB 1.106 billion. The company's overall external guarantees amount to RMB 2.424 billion, representing 6.44% of its latest audited net assets.