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Goldwind Tech to guarantee South African subsidiary's obligations

April 1, 2025 at 05:29 PM UTCBy FilingReader AI

Xinjiang Goldwind Science & Technology (SZSE:002202) announced that it will provide a joint guarantee with its subsidiary, Goldwind International Holdings (Hong Kong) Limited, for the obligations of its holding subsidiary, Goldwind New Energy South Africa Proprietary Limited, related to a wind turbine supply and installation agreement with Fe Overberg Proprietary Limited. The guarantee, covering both performance and breach of contract, is capped at CNY809,317,191. Both Goldwind Tech and Goldwind International have signed parent company guarantee agreements. Goldwind New Energy South Africa's liabilities-to-assets ratio is more than 70%. This guarantee has been approved by the company's Board of Directors and shareholder meeting and is within previously approved limits, requiring no further board deliberation. Following this event, the cumulative external guarantees of the company and its holding subsidiaries amount to CNY23.61 billion, representing 6.13% of the company's latest audited net assets.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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