Risen Energy expands credit facilities with new guarantees for subsidiaries

Risen Energy Co., Ltd. announced new guarantee agreements for its wholly-owned subsidiaries, Oriental Risen (Yiwu) New Energy Co., Ltd. and Double One Power (Ningbo) Battery Co., Ltd.

On December 11, 2025, Risen Energy signed a "Maximum Principal Guarantee Contract" with China Construction Bank Yiwu Branch, providing a joint and several liability guarantee for Oriental Risen (Yiwu) New Energy Co., Ltd. The maximum principal amount guaranteed is CNY 180 million. The cumulative effective guarantee for Oriental Risen (Yiwu) is now CNY 675.2 million, with an actual guarantee balance of CNY 290 million.

Additionally, on December 11, 2025, Risen Energy entered into a "Maximum Mortgage Contract" with Industrial Bank Co., Ltd. Ningbo Branch, utilizing its own industrial properties as collateral for Double One Power (Ningbo) Battery Co., Ltd. The maximum principal amount secured by this mortgage is CNY 60 million. The cumulative effective guarantee for Double One Power (Ningbo) is CNY 1.347 billion, with an actual guarantee balance of CNY 926.3529 million.

As of December 12, 2025, Risen Energy and its controlling subsidiaries' cumulative external guarantee quota, including these new guarantees, totals CNY 24.8544939 billion, representing 57.68% of the company's total assets and 216.18% of its net assets as of year-end 2024. The actual total outstanding guarantee balance is CNY 7.1595885 billion, making up 16.61% of total assets and 62.27% of net assets. The company reported no overdue external guarantees or guarantees provided to shareholders, actual controllers, or related parties.