Trina Solar: Trina Solar Co., Ltd. announced the progress of the company's provision of guarantees
DATE:  Jan 25 2025

Stock code: 688599 Stock abbreviation: Trina Solar Announcement No.: 2025-013

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 January 1, 2025 to January 23, 2025

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: RMB4.268 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 January 23, 2025, the Company and its subsidiaries within the scope of the consolidated statements have external guarantee balances

The amount was 59.812 billion yuan, accounting for 189.75% of the company's latest audited net assets, of which the balance of the guarantee provided by the company to the subsidiaries within the scope of the consolidated statement was 57.451 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

For the period from January 1, 2025 to January 23, 2025, the Company and its subsidiaries will be tired

The amount of guarantee incurred is 4.268 billion yuan, accounting for 13.54% of the company's latest audited net assets. tool

Please refer to Annex 1 "Trina Solar Co., Ltd. January 1, 2025 to January 2025".

23-day guarantee details".

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

The company held the 16th meeting of the third board of directors and the third board of supervisors on December 13, 2024

The 10th meeting and the 4th extraordinary general meeting of shareholders in 2024 will be held on December 30, 2024 for separate review

The "Proposal on the Company's Application for Comprehensive Financing Quota and Provision of Guarantee in 2025" was approved, and it was agreed that the Company and its subsidiaries intend to apply for a total credit limit of no more than RMB 140 billion (or equivalent in foreign currency) from banks, insurance companies, financial leasing companies and other financial institutions, and that the maximum amount of guarantee provided by the Company and its subsidiaries within the scope of the consolidated statements shall not exceed RMB 116.5 billion (or equivalent in foreign currency). The actual amount of guarantee shall be 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 signature of the company's legal representative or the person in charge of finance and its authorized person 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. as of January 1, 2025".

Details of the guarantee until January 23, 2025", Annex II "Financial situation 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. Due to the strict approval procedures for external guarantees by state-owned shareholders, the remaining minority shareholders have no ability to provide guarantees, and the company has full control over the holding subsidiaries, and the company has overall controllable guarantee risks.

4. Cumulative external guarantee amount and overdue guarantee amount

59.812 billion yuan, accounting for 189.75% of the company's latest audited net assets, of which the balance of the guarantee provided by the company to the subsidiaries within the scope of the consolidated statements is 57.451 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

January 25, 2025

Appendix 1: Details of Trina Solar's Guarantee for the period from January 1, 2025 to January 23, 2025

Unit: 10,000 yuan

The statutory sponsored person is not

Preface Guarantor Representative Business Scope and Listed Public Guarantor Financial Institutions Currency Guarantee Guarantee Method Guarantee Period Involved

The relationship between the number and the company is reversed

Directors' Insurance

General projects: energy storage technical services; research and development of new material technology; battery manufacturing;

Trina energy storage battery sales; generator and generator set manufacturing; Power Transmission, Distribution and Control Equipment China Everbright

1 (Chuzhou) is made by Feng Wen; sales of intelligent power transmission and distribution and control equipment; sales of special electronic materials; Holding subsidiary: Trina Solar Bank shares RMB 10,000 Joint and several liability insurance 2025/1/15-2/2026/14 Yes

Limited to the import and export of goods produced by the company; technology import and export; Technical Services, Technology Development, Technology Division Co., Ltd. Certificate Guarantee

Consulting, technology exchange, technology transfer, technology promotion (except for licensing business, Chuzhou Branch

can independently operate projects that are not prohibited or restricted by laws and regulations in accordance with the law)

R&D, manufacturing and sales of solar modules; R&D of photovoltaic derivatives,

manufacturing and sales; technical consultation, technical services and sales of photovoltaic products; Bank of Communications

Trina Solar, Wu Jian, installation and commissioning of solar photovoltaic power generation system equipment; Solar Photovoltaic Power Holding Subsidiary Trina Solar Co., Ltd. Joint and Several Liability Insurance

2 (Yiwu) Kefeng Station construction, commissioning and maintenance; Self-operated and agent of various commodities and technologies Co., Ltd. Company Yiwu RMB 20,000 Certificate Guarantee 2024/12/9-2025/12/9 No

Technology Co., Ltd. export business, but the state restricts the company's operation or prohibits the import and export of goods and branches

Except for technology. (For projects subject to approval in accordance with the law, after approval by relevant departments.)

to carry out business activities)

energy contract; Solar power generation system engineering, wind power station engineering,

Changzhou Trina Energy Storage Power Station Engineering Design, Construction and Technical Services; Solar power generation equipment, China Investment and Finance

3 Hui Energy Engineering Wang Peng Wind Power Generation Equipment, Energy Storage Equipment, Energy-saving Equipment, Environmental Protection Products, Mechanical and Electrical Wholly-owned Subsidiary Trina Solar Equity Guarantee RMB 2,920 Joint and Several Liability Guarantee 2025/1/8-2025/7/7 No

Co., Ltd. sales of equipment, metal materials, and electronic products; Smart City Project Planning and Design Co., Ltd. Limited Notarization Guarantee

planning, investment and construction and energy efficiency management services; electricity sales; heat supply; Carbon Emissions Division

Decentralized sales; Installation, repair, and testing of power facilities (with the "Installation (Repair,

Trial) power facilities license" approved content operation); Power engineering design

and technical services; general contracting of power engineering construction; General contractor of smart city projects

Pack; general contracting of energy storage power station project; Installation of chemical equipment, mechanical and electrical equipment,

maintenance, commissioning; construction of urban and road lighting projects; Road general cargo

transportation of goods (operating with a license); Technology development in the field of energy applications, rural Shanghai

technical services, technical consulting; Self-management and agency of various commodities and technologies into commercial banks joint and several liability insurance

Export business, commodities and technologies that the state restricts the company to operate or prohibits import and export Limited RMB 7,000 Certificate Guarantee 2025/1/16-2025/12/26 No

Except for surgery. (For projects subject to approval in accordance with the law, the company will be approved by the relevant departments.)

Business activities can be carried out)

General items: electronic component manufacturing; sales of photovoltaic equipment and components;

research and development of special electronic materials; R&D of high-efficiency and energy-saving technologies in the power industry; Wind power

R&D of field-related systems; R&D of emerging energy technologies (except subject to approval in accordance with the law.)

In addition, independently carry out business activities with a business license in accordance with the law)

Trina Solar's Shanghai Machine

4 shares of limited company Gao Ji / holding company Trina Solar Machinery & Equipment RMB 140,000 Joint and several liability insurance 2025/1/15-2025/12/31 No

Holding subsidiary Fan Si Co., Ltd. set (group) certificate guarantee

Ltd

Licensed items: power generation business, power transmission business, power supply (distribution) business (according to Industrial Bank

For projects subject to approval, the company can only carry out its business activities after approval by the relevant departments Limited RMB 40,000

Trina Solar, the specific business projects are subject to the approval results) company Yancheng

5 (Yancheng Pavilion Miao Cheng General Projects: Photovoltaic Equipment and Components Manufacturing; Photovoltaic Equipment & Components Wholly-owned subsidiary Trina Solar Branch Joint and several liability insurance 2025/1/24-2032/1/23 No

lake) optoelectronic Xiang sales; import and export of goods; technology import and export; Technical Services, Technology Development, Company Limited China Banking Guarantee

Limited to the company's technical consultation, technical exchange, technology transfer, technology promotion; battery manufacturing; Share Limited RMB 36,000

battery sales; photovoltaic power generation equipment leasing; Solar power generation technical services (except for the company Yancheng

Except for projects that must be approved in accordance with the law, the branch shall be independently operated according to the law with a business license

Activity) Bank of Communications

Limited RMB 30,000 shares

Company Yancheng

branch

China Everbright

Bank shares RMB 14,000

Ltd

Yancheng Branch

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

Installation, repair and test; Power generation, transmission and power supply business (required by law

Approved projects can only be carried out after approval by relevant departments.

Jiangsu Tian Contract The specific business projects are subject to the approval results) Tianhe Fujia can CMB Financial

6 Innovative Energy Engineer Zhang Rong General Projects: Sales of Solar Thermal Utilization Products; Solar thermal power generation products Holding sub-public resources limited Leasing limited RMB 81,709 Joint and several liability insurance 2025/1/6-2026/1/6 No

Cheng Co., Ltd. Min Sales; sales of solar thermal utilization equipment; sales of solar thermal power generation equipment; The company's corporate certificate is guaranteed

solar power generation technical services; Technical services, technology development, technical consulting,

technology exchange, technology transfer, technology promotion; Project management services (excl

Except for projects that must be approved by law, they shall independently carry out business activities in accordance with the law with their business licenses

moving)

Licensed projects: power generation business, transmission business, power supply (distribution) business; supply

electricity business; Construction engineering construction (projects subject to approval in accordance with the law, subject to relevant projects

Changzhou Tianheng new department approval before business activities can be carried out, specific business projects to approve the end of Tianhe Fujia Suyin Finance

7 Energy Co., Ltd. Wen Liguo shall prevail) Holding subsidiary Gongyuan Co., Ltd. Leasing shares RMB 19,976 Joint and several liability insurance 2025/1/2-2037/1/2 No

Division General Projects: Solar Power Generation Technical Services; Photovoltaic equipment and components sales company limited company certificate guarantee

Sell; foreign contracted projects; R&D of emerging energy technologies; energy contract;

Technical services, technology development, technical consultation, technology exchange, technology transfer,

technology diffusion; Sales agent (except for projects subject to approval in accordance with the law, with the camp.)

Business license to carry out business activities independently in accordance with the law)

General projects: R&D of emerging energy technologies; solar power generation technical services;

sales of photovoltaic equipment and components; energy contract; Technical services, technology

Changzhou Fuyuan new technology development, technical consultation, technology exchange, technology transfer, technology promotion; Tianhe Fujia can Suyin Finance

8 Energy Co., Ltd. Lu Li Sales Agent (In addition to licensing business, it can operate independently in accordance with laws and regulations Non-controlling subsidiaries of Gongyuan Co., Ltd. Leasing Shares RMB 5,180 Joint and several liability insurance 2025/1/16-2030/1/16 No

Prohibited or restricted projects) Licensed projects: power generation business, power transmission business, company limited company license guarantee

power supply (distribution) business; Power supply business (projects subject to approval in accordance with the law, by

Business activities can only be carried out after approval by relevant departments, and specific business projects are subject to the specifics

The approval document or license of the customs department shall prevail)

General Projects: Energy Management Contracts; solar power generation technical services; technology

services, technology development, technical consultation, technology exchange, technology transfer, technology

technology promotion; information consulting services (excluding licensed information consulting services);

sales of photovoltaic equipment and components; sales of solar thermal power generation products; Sun Industrial Bank

Sichuan Juxing Energy Thermal Utilization Equipment Sales; Import and export of goods. (Except for the joint and several liability insurance of the holding subsidiary, Tianhe Fujia Energy Co., Ltd., which is subject to approval in accordance with the law.)

9 Source Management Co., Ltd. Wen Li Except for the project, independently carry out business activities in accordance with the law with a business license) Licensed project: Source Co., Ltd. Changzhou RMB 20,000 Certificate Guarantee 2025/1/6-2025/11/27 No

Company construction engineering; construction engineering design; Transmission, Supply, and Receiving Power Company Branches

installation, maintenance and testing of facilities; electrical installation services; Construction labor points

Pack; Power supply business. (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 specific business projects are approved by relevant departments

Documents or permits shall prevail)

Total 426,785

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

The start time is inconsistent with the signing time.

Appendix II: Financial situation of the guarantor

Unit: 10,000 yuan

Total assets Total liabilities Net assets Operating income Net profit Non-net profit

sequence

Guaranteed Currency 2024 1-9 2024 2024

No. 2023.12.31 2024.9.30 2023.12.31 2024.9.30 2023.12.31 2024.9.30 2023 2023 2023 2023 2023

Months 1-9 months 1-September

1 Trina Energy Storage (Chuzhou) Co., Ltd. RMB 142,851.51 164,014.69 134,827.14 130,570.79 8,024.37 33,443.90 42,868.28 106,848.52 -14,491.55 -1,647.60 -14,518.54 -1,709.17

2 Trina Solar (Yiwu) Technology Co., Ltd. RMB 638,478.69 536,348.96 368,999.09 287,103.26 269,479.60 249,245.70 937,787.72 344,149.95 30,007.65 -4,356.87 29,761.77 -5,544.89

3 Changzhou Tianhe Smart Energy Engineering Co., Ltd. RMB 538,074.10 664,343.61 396,748.02 507,091.08 141,326.07 157,252.53 428,388.05 380,241.96 23,464.07 27,018.90 23,798.04 27,882.04

4 Trina Solar (Yancheng Tinghu) Optoelectronics Co., Ltd. RMB 35,194.32 152,579.72 1,762.61 111,297.11 33,431.71 41,282.61 - 24,078.46 -193.62 -9,283.92 -193.62 -9,249.92

5 Jiangsu Tianhe Innovation Energy Engineering Co., Ltd. RMB 57,155.41 140,956.33 28,463.42 106,910.42 28,691.99 34,045.91 211,787.45 172,182.26 9,373.82 8,913.58 6,669.86 8,996.87

6 Changzhou Tianheng New Energy Co., Ltd. RMB - - - -

7 Changzhou Fuyuan New Energy Co., Ltd. RMB - 101,451.29 - 100,089.19 - 1,362.10 - 4,403.88 - 1,362.10 - 1,359.50

8 Sichuan Juxing Energy Management Co., Ltd. RMB 671,176.52 763,640.69 624,503.80 706,345.93 46,672.72 57,294.76 483,654.92 822,072.93 36,419.47 10,502.04 32,136.89 9,832.36

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

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