Triumph New Energy Company Limited (stock code: 01108) disclosed details of expected guarantees for 2026. According to the announcement, it plans to provide joint liability guarantees to its consolidated subsidiaries with a total amount not exceeding RMB1.83 billion. The measure aims to meet financing needs, optimize capital structure, and reduce costs.

The plan covers subsidiaries in which Triumph holds controlling or full ownership. Among these, RMB1.05 billion is earmarked for subsidiaries whose gearing ratios exceed 70%, while the remaining balance is for lower-geared units. The guarantees span potential financing solutions such as loans and letters of credit, valid for up to 12 months once approved at the extraordinary general meeting (EGM).

The EGM is scheduled for 3 March 2026, where shareholders will vote on the proposed guarantee arrangement. The company reports that no external guarantees currently exist outside this plan. All decisions will follow relevant laws, regulations, and the Articles of Association to safeguard shareholder interests.