Windey extends subsidiary guarantee for operational stability

Zhejiang Windey Energy Technology Group Co., Ltd. (Windey) is extending a performance guarantee for its wholly-owned subsidiary, Zhejiang Windey Energy Construction Co., Ltd. (Windey Construction). This extension will prolong the guarantee's validity until December 31, 2025, to meet Windey Construction's ongoing operational needs. The original performance guarantee, issued on December 25, 2024, amounted to RMB 26,900,967.90 and was provided through Windey’s bank credit.

The decision to extend the guarantee falls within previously approved limits established during the company's Fifth Board of Directors' Thirty-Third Meeting and the 2025 Second Extraordinary General Meeting. Therefore, no further review procedures are required for this extension.

As of the announcement date, Windey’s total actual guarantee balance for Windey Construction, including this extension, stands at RMB 135,221,325.50. The total approved guarantee amount for the company and its controlled subsidiaries is RMB 1,252,100,000, with the actual outstanding guarantee balance representing 12.41% of Windey's most recent audited net assets.