Guoguang Electric Extends Guarantee for Subsidiary's Bank Loan

Guoguang Electric Co., Ltd. (Guoguang Electric) announced that it has signed an external guarantee contract with a bank, providing a guarantee for its wholly-owned subsidiary, Wuzhou Guoguang Technology Development Co., Ltd. Wuzhou Guoguang applied for a loan from the Guangxi Zhuang Autonomous Region Branch of the Export-Import Bank of China, with the guarantee amount not exceeding RMB 60 million.

The guarantee period extends for three years from the maturity of the "main contract" debt. As of May 31, 2025, the total approved guarantee amount for Guoguang Electric and its holding subsidiaries is RMB 2,820 million. The total outstanding external guarantee balance for Guoguang Electric and its holding subsidiaries is RMB 498.9659 million. Neither Guoguang Electric nor Wuzhou Guoguang Technology Development Co., Ltd. are listed as dishonest debtors.