GCL Energy Technology adjusts guarantee limits, reports on agreements

GCL Energy Technology (002015) announced adjustments to its 2024 annual shareholder-approved guarantee limits, reallocating RMB 38.01m from "other controlling subsidiaries" to subsidiaries with a liability ratio exceeding 70%, including Suzhou Wujiang Xinwang Energy Services and Jiangsu GCL Xinchu Charging Energy Technology.

The company provided updates on several guarantee agreements. GCL Energy Technology signed a maximum guarantee contract with Huajian Bank Zhaoging Branch on September 8, 2025, for its subsidiary Zhaoging Huahai Energy Investment, covering up to RMB 3,000m. On August 15, 2025, it entered into a guarantee and equity pledge agreement with China Resources Leasing for Sihong GCL Smart Wind Power, covering RMB 56,000m. Other agreements include guarantees for Nanjing Xinrong New Energy and Anhui GCL Smart Energy Technology, ranging from RMB 90m to RMB 500m.

As of the disclosure date, the company's cumulative external guarantees amount to RMB 2,745,290.28, representing 233.86% of its 2024 audited consolidated net assets. Guarantees for subsidiaries total RMB 1,841,108.27 (156.84%), while subsidiaries' guarantees for other subsidiaries stand at RMB 856,771.81 (72.99%). The company reported no overdue guarantees, guarantees involving litigation, or losses from adjudicated guarantee cases.