Goldwind guarantees Australian subsidiary's wind power project with significant backing

Goldwind Technology Co., Ltd. (Goldwind) has announced a significant corporate guarantee for its wholly-owned subsidiary, Goldwind Australia Pty Ltd, related to a wind turbine supply and installation agreement with Zenith Energy Operations Pty Ltd. The guarantee, amounting to A$383,367,178.71, covers Goldwind Australia's performance and obligations under the agreement. The guarantee period extends from the signing date, scheduled for September 26, 2025, until six months after the defect liability period, estimated to be from September 26, 2025, to September 21, 2030.

This guarantee represents 4.64% of Goldwind’s audited net assets for 2024. As of December 31, 2024, Goldwind Australia's total assets were RMB 178,081.66 and its liabilities were RMB 164,673.70, resulting in a net asset value of RMB 13,407.96. The subsidiary’s asset-liability ratio exceeds 70%, prompting Goldwind to advise investors to pay close attention to the associated guarantee risks.

Following this transaction, Goldwind's total external guarantees, including those for its controlled subsidiaries, will amount to RMB 2.939 bn, representing 7.63% of the company's latest audited net assets. Guarantees provided to external parties outside the consolidated statement amount to RMB 285 m, or 0.74% of net assets. The company confirms no overdue guarantees or guarantees involving litigation.