Risen Energy boosts financial support for subsidiaries with new guarantees

Risen Energy Co., Ltd. announced new guarantee agreements totaling RMB 230m for its wholly-owned subsidiaries, Dual-Power (Ningbo) Battery Co., Ltd. and Dot Cloud Intelligent Technology Co., Ltd. On October 17, 2025, Risen Energy signed a maximum guarantee contract with China Minsheng Bank Ningbo Branch, providing a maximum principal guarantee of RMB 100m for Dual-Power (Ningbo) Battery Co., Ltd. This increases the cumulative effective guarantee for Dual-Power (Ningbo) Battery to RMB 1.387bn.

Additionally, on the same date, Risen Energy entered into another maximum guarantee contract with China Minsheng Bank Ningbo Branch, offering a maximum principal guarantee of RMB 130m for Dot Cloud Intelligent Technology Co., Ltd. This raises the cumulative effective guarantee for Dot Cloud Intelligent Technology to RMB 440m. These guarantees are part of the total guarantee limit of RMB 11.15bn approved by the company's shareholders.

As of October 17, 2025, the cumulative external guarantee amount by Risen Energy and its holding subsidiaries stands at RMB 26.998bn. This represents 62.65% of the total assets and 234.83% of the net assets as of the end of 2024. The actual guarantee balance is RMB 7.514bn, accounting for 17.44% of total assets and 65.35% of net assets. The company reported no overdue external guarantees.