Titan Wind: Provides a joint liability guarantee of 300 million yuan for its subsidiary Suzhou Equipment

Titan Wind Energy Co., Ltd. announced that in order to meet the daily operating capital needs of its wholly-owned subsidiary Suzhou Titan Wind Energy Equipment Co., Ltd., the company has provided a joint liability guarantee for the credit line of 300 million yuan applied to Ping An Bank Suzhou Branch. The guarantee scope includes interest, penalties, etc., and the guarantee period is three years after the expiration of the main debt performance period. This matter has been reviewed and approved by the company's fifth board of directors at the second meeting of 2025 and the 2024 annual general meeting of shareholders. As of the announcement date, the total actual guarantee amount of the company and its subsidiaries is 12.31374 billion yuan, accounting for 137.98% of the audited net assets for 2024, all of which are guarantees within the scope of consolidated financial statements, with no overdue or litigated guarantees. The net assets of Suzhou Equipment at the end of 2024 are 1.4889 billion yuan, and the net profit for the first quarter of 2025 is -7.1753 million yuan, with a good credit status and not a dishonest executor