Risen Energy subsidiary provides 450m yuan loan guarantee

Risen Energy announced that its wholly-owned subsidiary has provided a maximum mortgage guarantee of 450 million yuan for a loan agreement between Risen Energy and the Export-Import Bank of China, Ningbo Branch.

The guarantee supports a maximum export seller's credit of 110 million yuan to Risen Energy. The guarantee is valid for five years until June 7, 2027, covering principal, interest, fees, and other costs.