Risen Energy provides guarantee for subsidiary; shareholder pledges shares

Risen Energy (SZSE:300118) has announced it will provide a guarantee to its subsidiary, Risen Energy (Ningbo) for CNY 50 million through a guarantee contract with China Exim Bank Ningbo Branch. Following this guarantee, the accumulated effective guarantee amount the company provides for its subsidiary totals CNY 163.7 million, with an actual guarantee balance of CNY 118.21 million. As of July 1, 2025, Risen Energy and its subsidiaries' total external guarantee amount is CNY 3,133,970,35, representing 72.72% of the company's audited total assets and 272.59% of net assets at the end of 2024.