Trina Solar: Trina Solar Co., Ltd. announced the progress of the company's provision of guarantees
DATE:  Oct 09 2024

Stock code: 688599 Stock abbreviation: Trina Solar Announcement No.: 2024-091

Convertible bond code: 118031 Convertible bond abbreviation: day 23 convertible bond

Trina Solar Co., Ltd

Announcement on the progress of the company's provision of guarantees

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

Guarantee occurs from September 1, 2024 to September 30, 2024

Name of Guarantor: Trina Solar Co., Ltd. (hereinafter referred to as the "Company") and its merger

Subsidiaries within the scope of the report

Guarantee amount for the period: RMB1.069 billion

Is there a counter-guarantee for this guarantee: Yes

There are no related parties of the company among the guarantors.

Cumulative number of overdue external guarantees: The company has no overdue external guarantees

As of the disclosure date of this announcement, the balance of external guarantees of the company and its subsidiaries within the scope of the consolidated statements is

60.198 billion yuan, accounting for 190.97% of the company's latest audited net assets, of which the balance of the guarantee provided by the company to its subsidiaries within the scope of consolidated statements is 57.760 billion yuan.

1. Overview of the guarantee

(1) The new guarantee in the current period

In order to meet the needs of the company's production and operation and working capital turnover, before ensuring that the operation is standardized and the risk is controllable

It is mentioned that the company and its subsidiaries will be tired during the period from September 1, 2024 to September 30, 2024

The amount of guarantees incurred (including the guarantees made to the company by subsidiaries within the scope of the company's consolidated statements) was 1.069 billion yuan, accounting for 3.39% of the company's latest audited net assets. For details, please refer to Annex I "Days".

Guarantee Details of Solar Co., Ltd. from September 1, 2024 to September 30, 2024".

(2) Internal decision-making procedures for the performance of guarantees

On December 27, 2023, the company held the 48th meeting of the second board of directors and the second session of supervisors

The 38th meeting of the meeting, the first extraordinary general meeting of shareholders in 2024 will be held on January 12, 2024

The "Proposal on the Company's Application for Comprehensive Financing Quota and Provision of Guarantee in 2024" was deliberated and approved, agreeing that the Company and its subsidiaries intend to apply for a total credit limit of no more than RMB139 billion (or equivalent in foreign currency) from banks, insurance companies, financial leasing companies and other financial institutions, involving an external guarantee limit of no more than RMB115.5 billion. Among them, the applicant company and its subsidiaries provide guarantees for entities outside the scope of the consolidated statements according to their shareholding ratios, and the rest are guarantees for the company and its subsidiaries within the scope of the consolidated statements. The actual guarantee amount is subject to the final signed and executed guarantee contract or the approval of the financial institution. The general meeting of shareholders of the company authorizes the company's legal representative or financial person in charge and its authorized persons to handle the specific matters of the financing and guarantee within the scope of the comprehensive financing quota and guarantee amount according to the needs of the company's actual business situation. Specific matters such as the guarantee method and guarantee period shall be subject to the guarantee agreement signed between the company and banks and other financial institutions.

This guarantee is within the scope of the guarantee amount approved by the above-mentioned general meeting of shareholders, and there is no need to perform the deliberation procedures of the board of directors or the general meeting of shareholders again.

2. Basic information of the guarantor

For the basic information of the guarantor, please refer to Appendix 1 "Trina Solar Co., Ltd. September 1, 2024".

Details of the guarantee until September 30, 2024", Annex II "Financial Information of the Guarantor".

3. The necessity and reasonableness of the guarantee

The above-mentioned guarantee items are to ensure that the production and operation needs of the company and its subsidiaries are combined with the current business situation, in line with the actual needs of the company's overall production and operation, and help meet the company's daily capital use and business scope needs. Among the minority shareholders of the company's holding subsidiary, if the guaranteed object is a non-wholly-owned holding subsidiary, the company requires other shareholders other than the company to provide guarantee according to the proportion of shareholdings or other shareholders to provide counter-guarantee to the company according to the proportion of shareholding while the company provides 100% guarantee. Since the state-owned shareholders are subject to strict approval procedures for external guarantees, and the remaining minority shareholders have no ability to provide guarantees, the company has full control over the holding subsidiaries, and the company can generally control the risk of its guarantees.

As of the disclosure date of this announcement, the balance of external guarantees of the company and its subsidiaries within the scope of the consolidated statements was 60.198 billion yuan, accounting for 190.97% of the company's latest audited net assets, of which the balance of guarantees provided by the company to the subsidiaries within the scope of the consolidated statements was 57.760 billion yuan. As of the disclosure date of this announcement, the company has not provided guarantees to the controlling shareholders and actual controllers and their affiliates, and there is no overdue guarantee.

The announcement is hereby made.

Board of Directors of Trina Solar Co., Ltd

October 9, 2024

Appendix 1: Details of Trina Solar's Guarantee for the period from September 1, 2024 to September 30, 2024

Unit: 10,000 yuan

Preface Legal Representative Guarantor and Listing Current Guarantee Guarantee Period Whether involved

Guarantor Business Scope Guarantor Financial Institution Currency Guarantee Method

The relationship between the number of persons and directors of the company is limited to the amount of counter-guarantees

Manufacturing, research, design and technology of energy storage system equipment and accessories

technical services; Assembly and collection of power generation supporting system equipment and accessories

Jiangsu Tianhe storage, sales, installation, maintenance and technical services; Self-operated and on behalf of Trina Solar Bank of Nanjing Co., Ltd. Standing Joint and Several Liability Insurance 2024/4/2

1 Energy Co., Ltd. Gao Jifan is in charge of the import and export business of various commodities and technologies, and the state limited enterprise holding subsidiary Co., Ltd. Zhou Branch RMB 10,000 Certificate Guarantee 9-2025/4 Yes

Except for commodities and technologies that are traded or prohibited from being imported or exported. (According to /28.)

The law must be approved for projects that can only be opened after approval by relevant departments

business activities)

General projects: R&D of emerging energy technologies; Solar power generation technology

technical services; sales of photovoltaic equipment and components; Contract Energy Pipes

Reason; Technical services, technology development, technical consulting, technical exchanges

Changzhou Fuyuan new stream, technology transfer, technology promotion; Sales Agents (except licensed by Trina Fujia

In addition to business, it can operate independently in accordance with the law, which is not prohibited or restricted by laws and regulations Suyin Financial Leasing Co., Ltd. Joint and Several Liability Insurance 2024/9/3

2 Energy Co., Ltd. Lv Lijie) Licensed Projects: Power Generation Business, Transmission Business, Holding Subsidiary Yuan Co., Ltd. RMB 14,938 Certificate Guarantee -2029/9/ No

power supply (distribution) business; Electricity supply business (subject to approval by law 20 companies

The project can only be carried out after being approved by the relevant departments.

Specific business projects are subject to the approval of documents or licenses by relevant departments

shall prevail)

Changzhou Tianfan new license projects: power generation business, power transmission business, power supply (distribution) Tianhe Fujia Energy

Business; power supply business; Construction of construction projects (subject to approval in accordance with the law, BOCOM Financial Leasing Co., Ltd. Joint and Several Liability Insurance, 2024/9/1

3 Energy Science and Technology has Zhang Lei's approved projects, and the operation can only be carried out after approval by the relevant departments Holding subsidiary Yuan Co., Ltd. RMB 12,000 Certificate Guarantee 3-2039 / No

Limited to the company, the specific business projects are subject to the approval results) General projects: Company 9/15

solar power generation technical services; Photovoltaic equipment and component pins

Sell; R&D of emerging energy technologies; energy contract; technology

Service, technology development, technical consultation, technical exchange, technology

transfer, technology promotion; Sales Agent.

The business scope includes licensed projects: the second type of value-added telecommunications

Business; Installation and maintenance of power transmission, power supply and receiving power facilities

and experiments. (Projects subject to approval in accordance with the law shall be approved by relevant departments.)

Business activities can only be carried out after approval, and the specific business projects are subject to each other

Shanghai Tianhe Fujia Department approval documents or licenses) General items: Tianhe Fujia Energy China Merchants Bank Co., Ltd. Joint and Several Liability Insurance 2024/9/2

4 Energy Limited Liao Shengbin Contract Energy Management; solar power generation technical services; PV Holding Subsidiary Yuan Co., Ltd. Zhou Branch Business Department RMB 10,000 Certificate Guarantee 9-2025/9 No

company equipment and component manufacturing; Internet sales (except for sales required by the company/28

commodity); Sales of photovoltaic equipment and components. (Except.)

Except for projects that must be approved by law, they shall be opened independently according to law with a business license

Shanghai Tianhe Fujia Energy Co., Ltd

Invest in 2 companies.

Permitted Projects: Construction Engineering Design; various engineering construction activities;

power facilities installation, repair, testing; Power generation, transmission, supply

Electricity business (projects subject to approval in accordance with the law shall be approved by relevant departments.)

Business activities can be carried out only after approval, and specific business projects are subject to approval

Jiangsu Tian Contract The result shall prevail) General items: sales of solar thermal utilization products Tianhe Fujia Energy China Merchants Bank Co., Ltd. is always jointly and severally liable 2024/9/2

5 Innovative Energy Engineer Zhang Rongmin sold; sales of solar thermal power generation products; Solar Thermal Utilization Holding Subsidiary Yuan Co., Ltd. Business Department of Zhou Branch RMB 10,000 Certificate Guarantee 9-2025/9 No

Cheng Co., Ltd. for sales; sales of solar thermal power generation equipment; Solar Power Company /28

technical services; Technical services, technology development, technical consulting,

technology exchange, technology transfer, technology promotion; Engineering management services

(Except for projects subject to approval in accordance with the law, according to the business license.)

Act to carry out business activities independently)

Solar power generation system, heat pump, energy storage system equipment and accessories,

R&D, manufacturing, sales, installation, maintenance and maintenance of mechanical and electrical equipment

technical services; Development, design and construction of distributed energy projects

design, operation management; Distributed energy technology development and technical consultation

consulting, technology promotion, technology transfer, technical services; goods or

Tianhe Fujioneng Technology Import and Export (Goods Prohibited by the State or Involving Administrative Examination and Approval Jiangsu Tian Contract

except for import and export of technology); system integration software development; Shanghai Pudong Development Bank shares have joint and several liability insurance 2024/9/3

6 Yuan Co., Ltd. Zhang Bing with Energy Management; Engaged in solar power generation in the form of e-commerce Holding subsidiary Innovative Energy Co., Ltd. RMB 50,000 Certificate Guarantee 0-2025/9 No

The company's sales of electrical systems, heat pumps, energy storage system equipment and accessories; Cheng Co., Ltd. /29

electricity sales; heat supply; Carbon emission allowance sales. (Required by law.)

Approved projects can only be operated after approval by relevant departments

Activities) Licensed items: Category II value-added telecommunications services (according to

The law must be approved for projects that can only be opened after approval by relevant departments

Carry out business activities, and the specific business projects are subject to the approval results)

(Reference exchange rate September 30: USD7.0709; EUR7.7643) is equivalent to 106,938 yuan

Details of the subsidiary's guarantee to the parent company

Solar photovoltaic power station equipment manufacturing, solar photovoltaic power station design

equipment and system installation; Polycrystalline ingots, monocrystalline silicon rods, silicon Trina Solar (often 2024/9/1

manufacturing of solar cells, photovoltaic modules; Solar, the company state) technology limited Deutsche Bank (China) limited joint and several liability insurance

solar energy technology development; sales of self-produced products; Engaged in polysilicon, Shanghai branch USD 16,800 certificate guarantee 6-2027/8/

Trina Solar, Gao Jifan, Machinery and Equipment, Solar Photovoltaic Power Plant Equipment and System Integration Equipment Company 31

1 limited company

Import, export and wholesale business of energy storage and photovoltaic application systems

(It does not involve state-run trade management commodities, it involves quotas, licenses Trina Solar (often 2024/9/1.)

If the certificate manages the commodity, the application shall be handled in accordance with the relevant provisions of the state); The Company State) Technology Co., Ltd. Deutsche Bank (China) Co., Ltd. is jointly and severally liable for the none

Shanghai Branch EUR 4,160 Warrant 6-2027/8/

Engaged in the construction and operation of solar power plants (obtained relevant qualifications Company 31

before it can be operated); Inquiries related to the above-mentioned businesses

Serve; solar power generation; Energy storage and photovoltaic application system technology

R&D, engineering design and technical services; Inspection of photovoltaic products

Testing services (with the testing services listed in the laboratory accreditation certificate.)

business).

Note 1: Due to the rolling use of part of the credit guarantee line approved by the board of directors and the general meeting of shareholders of the company, the inconsistency between the internal approval time of the financial institution and the maturity date of the original credit line will result in the inconsistency between the start time of the guarantee period and the signing time shown in the above table for some of the guarantees.

Note 2: Due to the internal approval requirements of financial institutions, the Company has disclosed the details of the subsidiary's guarantee to the parent company.

Appendix II: Financial situation of the guarantor

Unit: 10,000 yuan

Preface Total Assets Total Liabilities Net Assets Operating Income Net Profit

No. Guaranteed Currency 2024 1-6

2023.12.31 2024.6.30 2023.12.31 2024.6.30 2023.12.31 2024.6.30 2023 January-June 2024 2023 Month

1 Trina Solar Co., Ltd. RMB 5,855,247.3 5,479,876.99 3,751,811.6 3,593,093.9 2,103,435.73 1,886,783.09 3,866,104.37 987,544.99 144,174. -80,170.30

Company 4 0 0 04

2 Jiangsu Trina Energy Storage Co., Ltd. RMB 319,713.12 458,691.92 220,016.60 271,866.92 99,696.53 186,825.01 216,317.04 84,741.22 1,597.51 -21,011.98

firm

3 Changzhou Fuyuan New Energy has RMB - 76,017.30 - 75,397.32 - 619.98 - 1,888.38 - 619.98

Limited to companies

4 Changzhou Tianfan New Energy Branch RMB - 5,664.10 - 5,691.97 - -27.87 - - - -27.87

Technology Co., Ltd

5 Shanghai Tianhe Fujia Energy RMB 203,475.00 170,165.15 133,871.00 92,628.38 69,604.00 77,536.77 12,616,89.00 300,498.51 438,35.0 9420.07

Ltd. 0

6 Jiangsu Tianhe Innovation Energy RMB 57,155.41 55,649.47 28,463.42 18,687.30 28,691.99 36,962.17 211,787.45 92,480.76 9,373.82 10,189.82

Source Engineering Co., Ltd

7 Trina Fujia Energy Co., Ltd. RMB 923,044.45 1,076,041.11 460,928.19 610,237.88 462,116.26 465,803.23 1,615,141.65 336,819.87 42,915.0 -2,331.43

Ltd. 7

Note: The above financial data are of the parent company.

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