Goldwind guarantees subsidiaries' Thailand project obligations

Xinjiang Goldwind Science & Technology (Goldwind Technology) has issued guarantees for its wholly-owned subsidiaries, Goldwind International Holdings (Hong Kong) Limited and Goldwind International (Thailand) Co., Ltd., covering their performance under four wind turbine supply and installation agreements. These agreements are with Alpha One Project Company Limited, Alpha Two Project Company Limited, Esan Clean Energy Company Limited, and Wayu Power Company Limited.

The total guarantee amount for Goldwind International's supply obligations is not to exceed RMB 913,065,269.90, while Goldwind Thailand's installation obligations are guaranteed up to RMB 511,215,330.75. The combined maximum guarantee totals RMB 1,424,280,600.65, representing 3.70% of Goldwind Technology's audited net assets as of 2024. The guarantees are effective from the signing date of the agreements, October 13, 2025, until all obligations are fulfilled.

Goldwind International (Hong Kong) Limited, established October 6, 2010, reported total assets of RMB 25,946,111,579.84 and net assets of RMB 6,632,839,882.46 as of August 31, 2025, with a liabilities-to-assets ratio exceeding 70%. Goldwind International (Thailand) Co., Ltd., established April 9, 2013, had total assets of RMB 57,757,796.96 and net assets of RMB 26,544,990.29 as of August 31, 2025. Goldwind Technology's total external guarantee balance after this transaction will be RMB 2.417 bn, or 6.27% of its latest audited net assets.