Risen Energy provides guarantee for Ninghai subsidiary

Risen Energy Co., Ltd. (SZSE:300118) announced that it has provided a guarantee for its subsidiary, Ninghai Risen Energy Power Development Co., Ltd, by signing a Guarantee Contract with Zhejiang Yuexiu Financial Leasing Co., Ltd. The guarantee supports Ninghai Risen's financing lease agreement and carries a maximum principal debt of CNY 2,498,100. The guarantee period extends three years beyond the debt performance deadline. As of May 23, 2025, the total guarantee amount of the company and its subsidiaries is CNY 3,176,205,100, representing 73.70% of the company's audited total assets and 276.26% of its net assets at the end of 2024. The actual outstanding guarantee balance is CNY 926,330,760, accounting for 21.50% of the total assets and 80.57% of the net assets. Risen Energy confirms that there are no overdue external guarantees, and no guarantees have been provided to shareholders, controlling shareholders, or related parties.