GCL Energy adjusts guarantees, reports ongoing financial support

GCL Energy Technology (GCL Energy) has adjusted its guarantee limits for 2025, reallocating 85.97 million yuan from GCL Smart Energy (Suzhou) Co. to Tri-Origin GCL Zero Carbon Energy Technology Co. and Funing GCL Renewable Energy Power Generation Co. This adjustment maintains the total approved guarantee amount at 2.615 billion yuan. The company initially approved a maximum guarantee amount of 33.669 billion yuan for 2025, covering both the company and its holding subsidiaries for financial institution credit and operational needs.

Several guarantee transactions have progressed. On September 24, 2025, GCL Energy provided a joint and several liability guarantee for XinHui New Energy (Guyuan) Co.'s 50 million yuan credit line from Industrial Bank Tianjin Branch. This guarantee has a current outstanding balance of 50 million yuan. Additionally, on August 8, 2025, Nanjing XinRong New Energy Co., a GCL Energy subsidiary, and GCL Energy provided a pledge and joint and several liability guarantee for Tri-Origin GCL Zero Carbon Energy Technology Co.'s 970,000 yuan finance lease from Suzhou Financial Leasing Co. The outstanding balance for this is 970,000 yuan.

As of the disclosure date, GCL Energy's total external guarantees amount to 2,707,169,870 yuan, representing 230.61% of its 2024 audited net assets, with an outstanding balance of 1,812,507,050 yuan. The company and its holding subsidiaries have not experienced any overdue guarantees, guarantees involved in lawsuits, or losses from adjudicated guarantees.