CECEP Techand Ecology plans to provide an 80% guarantee for a loan of 230 million for its subsidiary

On September 9, 2025, China Energy Conservation and Environmental Protection Group Co., Ltd. held a board meeting to review and approve the proposal to provide guarantees for its holding subsidiary Ninghai Tihan Municipal Construction Co., Ltd., which still requires approval from the shareholders' meeting. Ninghai Tihan intends to apply for a fixed asset loan of no more than 230 million yuan from the Beijing branch of Hengfeng Bank, with a term of no more than 8 years, to replace existing loans and internal borrowings. The company holds 80% equity in Ninghai Tihan and will provide 80% joint liability and equity pledge guarantees. As of the announcement date, the relevant agreement has not been signed. In addition, as of now, the total guarantee balance of the company and its holding subsidiaries is 3.317 billion yuan, with no overdue guarantees or other situations