Trina Solar: Trina Solar Co., Ltd. announced the progress of the company's provision of guarantees
DATE:  Apr 03 2025

Stock code: 688599 Stock abbreviation: Trina Solar Announcement No.: 2025-035

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 March 1, 2025 to March 31, 2025

Name of Guarantor: Trina Solar Co., Ltd. (hereinafter referred to as the "Company") and its subsidiaries within the scope of the consolidated statements

Guarantee amount for the period: RMB3.754 billion (including subsidiaries within the scope of the company's consolidated statements.)

Company-to-Company Guarantee)

Is there a counter-guarantee for this guarantee: No

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 was 60.504 billion yuan, accounting for 191.94% 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 58.217 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 March 1, 2025 to March 31, 2025

The amount of guarantees incurred (including the guarantees of subsidiaries within the scope of the company's consolidated statements) was 3.754 billion yuan, accounting for 11.91% of the company's latest audited net assets. For details, please refer to Annex I "Days".

Guarantee details of Heguang Co., Ltd. from March 1, 2025 to March 31, 2025".

(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 deliberation respectively

Passed the "Proposal on the Company's Application for Comprehensive Financing Quota and Provision of Guarantee in 2025", and approved that the Company and its subsidiaries intend to apply for a total credit limit of no more than RMB140 billion (or equivalent in foreign currency) from banks, insurance companies, financial leasing companies and other financial institutions, and the maximum amount of guarantees provided by the Company and its subsidiaries within the scope of the consolidated financial statements shall not exceed RMB116.5 billion (or equivalent in foreign currency). 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 legal representative of the company to sign and seal or the person in charge of finance and its authorized person according to the needs of the company's actual business situation, within the scope of the comprehensive financing quota and guarantee amount, to handle the specific matters of the financing and guarantee. 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 shareholders' meeting again.

2. Basic information of the guarantor

For the basic information of the guarantor, please refer to Appendix 1 "Trina Solar Co., Ltd. March 1, 2025".

Details of the guarantee until March 31, 2025", 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. 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

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 60.504 billion yuan, accounting for 191.94% 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 58.217 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

April 3, 2025

Appendix 1: Details of Trina Solar's Guarantee for the period from March 1, 2025 to March 31, 2025

Unit: 10,000 yuan

Preface The legal representative of the guarantor is involved with the currency current period

No. Guarantor, Director, Business Scope, Guarantor of Listed Company, Financial Institution, Seed Guarantee, Guarantee Method, Guarantee Period, and Counterburden

Relationship Insurance

Solar photovoltaic power station equipment manufacturing, solar photovoltaic power station equipment and system installation

installation; Polycrystalline ingots, monocrystalline silicon rods, silicon wafers, solar cells, light

manufacturing of voltive components; solar energy and solar energy technology development; sales of self-produced products;

Engaged in polysilicon, machinery and equipment, solar photovoltaic power plant equipment and system integration Trina Solar

Import, export and wholesale business of installations, energy storage and photovoltaic application systems of Trina Solar (excluding limited companies/

1 Co., Ltd. Holding Gao Jifan State-run trade management commodities, involving quotas, license management commodities, according to the state The company or the holding Trina Solar (Chang Hang Seng Bank (China) has RMB 72,000 Joint and several liability 2025/3/13- No

The relevant provisions of the subsidiary company shall apply for it); Engaged in the construction and operation of solar power plants (shareholding subsidiary Zhou) Science and Technology Co., Ltd. Shanghai Branch Guarantee 2028/3/13

The relevant qualifications can only be carried out after the operation); Relevant consulting companies engaged in the above business

Serve; solar power generation; Technology research and development and engineering of energy storage and photovoltaic application systems

process design and technical services; Testing services for photovoltaic products (with laboratory accreditation

The testing services listed in the certificate are operated). (Projects subject to approval in accordance with the law,

Business activities can only be carried out after approval by relevant departments)

Trina Solar THE SIAM

Science & Zhang Suojuan, Trina Solar (COMMERCIAL BANK Joint and several liability 2025/2/20-

2 Technology Qian Jianrong Sales and production of solar cell modules Wholly-owned subsidiary State) Technology Co., Ltd. PUBLIC COMPANY THB 76,000 Guarantee 2038/2/20 No

(Thailand) Company LIMITED

Ltd.

Trina Solar (Germany) General items: manufacturing of non-metallic mineral products; sales of non-metallic minerals and products; China Construction Bank shares 50,000

3 Yang) Crystalline Silicon Co., Ltd. Xu Qiang research and development of electronic special materials; photovoltaic equipment and components manufacturing; Photovoltaic Equipment and Wholly-owned Subsidiary Trina Solar Co., Ltd. Deyang Branch RMB Joint and Several Liability 2025/3/28- No

sales of components; sales of solar thermal utilization products; Solar Thermal Utilization Equipment Co., Ltd. Industrial Bank Co., Ltd. 35,000 Guarantee 2030/3/28

Sale; sales of special equipment for semiconductor devices; Deyang Branch of Semiconductor Device Special Equipment Manufacturing Company

Make; manufacturing of special electronic materials; sales of special electronic materials; Mechanical and electrical equipment Huaxia Bank Co., Ltd

Manufacturing; Technical services, technology development, technical consulting, technical exchanges, technology companies Chengdu Branch 19,500

technology transfer and technology promotion; technology intermediary services; import and export of goods; Technology into Bank of Shanghai Co., Ltd

Outlet. (Except for projects subject to approval in accordance with the law, with a business license in accordance with the law independent company Chengdu Branch 20,000.)

Carrying out business activities) Bank of China Co., Ltd

Company Shifang branch 30,000

Export-Import Bank of China Jiang 40,000

Sioux Provincial Branch

China Everbright Bank shares 20,000

Chengdu Branch

Licensed items: power generation business, power transmission business, power supply (distribution) business (according to law.)

For projects subject to approval, business activities can only be carried out after approval by relevant departments.

The specific business projects are subject to the approval results)

Trina Solar (Suzhou) General projects: photovoltaic equipment and component manufacturing; Photovoltaic equipment and components sales Trina Solar China Merchants Bank Co., Ltd. Joint and several liability 2025/3/28-

4 relocation) Science and Technology Co., Ltd. Gao Ji Fan Sales; import and export of goods; technology import and export; Technical Services, Technology Development, Technology Holding Subsidiary Co., Ltd. Changzhou Branch RMB 20,000 Guarantee 2026/3/27 No

technical consultation, technology exchange, technology transfer, technology promotion; battery manufacturing; electricity

pool sales; photovoltaic power generation equipment leasing; Solar power generation technical services (exclude

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)

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

Trina Solar (Volunteering, Sales; technical consultation, technical services and sales of photovoltaic products; sun

5) Ukrainian) Science and Technology Co., Ltd. Miao Chengxiang Energy Photovoltaic power generation system equipment installation and commissioning; Construction of Solar Photovoltaic Power Plant Holding Subsidiary Trina Solar Huaxia Bank Co., Ltd. RMB 20,000 Joint and several liability 2025/3/25- No

Debugging and maintenance of the company; Self-management and agency of import and export business of various commodities and technologies, Co., Ltd. Company Yiwu Branch Guarantee 2026/3/25

However, the state restricts the company's operation or prohibits the import and export of goods and technologies.

(For projects subject to approval in accordance with the law, business can only be carried out after approval by relevant departments.)

Activities)

6 Trina Solar Bank of China (Hong Kong) USD 2,500 Joint and several liability 2025/3/12- No

Co., Ltd. Ho Chi Minh City Branch Guarantee Guarantee 2028/3/11

TRINA SOLAR

(VIET NAM) Zhang Jibing Production of other equipment. Wholly-owned subsidiaries Co., Ltd., HSBC Bank

7 WAFER COMPANY Specific: Production of mono ingot and mono wafer Trina Solar (Vietnam) Ltd., USD 2,000 Joint and several liability 2/28/2025- No

LIMITED Energy Hanoi branch guarantees long-term validity

Development

Pte Ltd

875.06 2025/3/5-2

025/8/5

General projects: sales of photovoltaic equipment and components; solar power generation technical services; 897.84 2025/3/17-

Zhejiang Fujia Distribution Contract Energy Management (Except for projects subject to approval in accordance with the law, with a business license according to Tianhe Fujiacan 2025/9/17

8 Type Energy Co., Ltd. Liao Shengbin Law to carry out business activities independently). Licensed items: Class II value-added telecommunications business Holding subsidiary Yuan Co., Ltd. Industrial Bank Changzhou Branch RMB 651.82 Joint and several liability 2025/3/20- No

Division (projects subject to approval in accordance with the law can only be carried out after approval by relevant departments Company Guarantee Guarantee 2025/9/19.)

activities, specific business projects are subject to the approval results). 899.74 2025/3/20-

2025/9/19

898.09 2025/3/24-

2025/9/24

(Reference exchange rate 31 March: USD7.1782; THB0.2126) is equivalent to RMB 375,381

.755

Appendix II: Financial situation of the guarantor

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

Guarantor Currency 2024 1-9 2024 2024 1-9

2023.12.31 2024.9.30 2023.12.31 2024.9.30 2023.12.31 2024.9.30 2023 January-September 2023 2023 Month

Trina Solar Science & Technology

USD 34,063.41 17,315.40 24,826.35 4,516.59 9,237.07 12,798.80 41,710.03 36,823.71 1,336.49 3,557.82 1,294.76 3,285.54

(Thailand) Ltd.

Trina Solar (Deyang) Crystalline Silicon Co., Ltd. RMB 63,510.79 188,558.54 23,890.85 114,573.55 39,619.94 73,984.99 2,758.89 157,945.78 -383.60 -118.60 -390.85 -710.91

Trina Solar (Suqian) Technology Co., Ltd. RMB 933,337.62 586,305.87 726,133.26 404,509.14 207,204.36 181,796.72 1,623,525.60 621,251.46 3,326.85 -9,367.48 123.18 -13,243.49

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

TRINA SOLAR (VIET NAM) WAFER COMPANY

USD 57,655.28 49,352.08 47,932.77 36,253.83 9,722.51 13,098.25 12,172.92 31,201.20 2,299.03 2,885.14 2,298.96 2,889.68

LIMITED

Zhejiang Fujia Distributed Energy Co., Ltd. RMB 675,285.28 378,750.11 604,776.41 319,527.26 70,508.87 59,222.85 1,021,710.51 467,398.24 35,539.90 8,509.15 35,539.90 8,509.15

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