East Group provides guarantees, reappoints auditor for 2025

East Group Co., Ltd. will provide guarantees totaling up to 405 million yuan for financing activities of six wholly-owned and controlled subsidiaries. These subsidiaries include Lianyungang East Group Photovoltaic Technology, Suqian Xingtang River Photovoltaic Power Generation, Huaian Mingsai Photovoltaic Power, Dongming Yangyang New Energy, Jining Xuanzong New Energy Technology, and Chizhou Zhongke Sunshine Electric Power. The one-year guarantees involve pledges of equity, accounts receivable, electricity revenue rights, and movable assets, aiming to optimize debt structures and enhance capital flow for these subsidiaries.

Concurrently, East Group announced the reappointment of Tianjian Certified Public Accountants (Special General Partnership) as its financial and internal control auditor for 2025. This decision, approved by the board and supervisory committee, highlights the firm's qualifications and track record in delivering independent and objective audit reports. The audit engagement is set for one year, with fees to be determined based on business scope.

These strategic decisions aim to foster the company's business development, reduce financing costs, and enhance overall operational efficiency. All related resolutions are subject to approval at the 2025 first interim shareholders' meeting on September 16, 2025.