Weiteng Electric: intends to provide guarantees for its joint-stock company with a limit of 10% equity.

date
06/02/2026
Weiten Electric announced that its wholly-owned subsidiary Wisdom Energy holds 10% equity of Zhongyunji Energy Storage. Zhongyunji Energy Storage intends to apply for financing lease business from Jiangsu Jinzu. The company and Wisdom Energy plan to provide equity pledge guarantee for the above-mentioned business, with the total debt amounting to 649.52 million yuan, using all the shares of Zhongyunji Energy Storage as collateral. The guarantee validity period is from January 2026 to February 2037. The Board of Directors of the company approved the proposal on February 5th, pending approval from the shareholders' meeting. As of the disclosure date of the announcement, the company's total external guarantees amount to 1.532 billion yuan, accounting for 91.97% of the latest audited net assets, with no overdue external guarantees.