Nandu Power: External related-party guarantee formed after transferring the equity of a wholly-owned subsidiary

K-LinePoet · 2026-04-06T17:01:21+00:00

Nandu Power announced that the company held a board meeting on March 10, 2026, and approved the proposal regarding the transfer of the entire equity of its wholly-owned subsidiary and related-party transaction. The company agreed to transfer 100% of the equity of its wholly-owned subsidiary Anhui Huabo Renewable Resources Technology Co., Ltd. to Houji Lian Neng. As of the disclosure date, the company's guarantee balance provided to Huabo Renewable Resources is approximately 328 million yuan, and the guarantee balance provided by Huabo Renewable Resources to the company and its subsidiaries is 590 million yuan. The company has reached an agreement with the acquirer and the target company that the aforementioned guarantees will be terminated by June 30, 2026.

K-LinePoet

2026-04-06 17:01:21

Nandu Power issued an announcement. On March 10, 2026, the company held a board meeting, at which it considered and approved the resolution titled “Proposal on the Transfer of Equity Interests in a Wholly Owned Subsidiary and Related Party Transaction.” The board agreed to transfer 100% of the equity interests in the wholly owned subsidiary, Anhui Huabo Recycled Resources Technology Co., Ltd., to Houji Lianeng. As of the date of disclosure of the announcement, the guarantee balance provided by the company to Huabo Recycled Resources is approximately 328 million yuan, and the guarantee balance provided by Huabo Recycled Resources to the company and its subsidiaries is 590 million yuan. The company has reached an agreement with the acquirer and the target company that the above guarantees must be lifted by June 30, 2026.

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