Goldwind Science & Technology (02208) provides guarantees for its wholly-owned subsidiaries, Goldwind International and Goldwind Morocco (SARL).
Jinfeng Technology (02208) announced that its wholly-owned subsidiary Jinfeng International Holdings (Hong Kong) Limited (...).
Goldwind Science & Technology (02208) announced that its wholly-owned subsidiary Goldwind International Holdings (Hong Kong) Limited (hereinafter referred to as "Goldwind International") and Goldwind Morocco SARL (hereinafter referred to as "Goldwind Morocco") have signed a Wind Turbine Supply and Installation Agreement with energy company Energie Eolienne du Maroc (hereinafter referred to as "EEM"). In this agreement, Goldwind International is responsible for supplying turbines as an offshore supplier, handling unit delivery in Chinese ports, and arranging sea transportation; while Goldwind Morocco, as an onshore supplier, is responsible for receiving goods at destination ports, domestic land transportation, turbine installation, hoisting, commissioning, and subsequent operation and maintenance services, as well as providing guarantee of wind turbine availability.
Goldwind Science & Technology has signed a Wind Turbine Supply and Installation Guarantee Agreement with EEM to provide guarantees for the performance obligations and responsibilities of Goldwind International and Goldwind Morocco under the aforementioned Wind Turbine Supply and Installation Agreement. The total guarantee amount does not exceed $29.5616 million (equivalent to approximately RMB 209.97 million), with a guarantee amount of $25.423 million (equivalent to approximately RMB 180.6 million) for Goldwind International and $4.1386 million (equivalent to approximately RMB 29.3954 million) for Goldwind Morocco. The guarantee period is from the date of signing the Wind Turbine Supply and Installation Guarantee Agreement until the completion of the seller's (Goldwind International and Goldwind Morocco) performance obligations.
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