Trina Solar: Trina Solar Co., Ltd. announced the progress of the company's provision of guarantees
DATE:  Sep 03 2024

Stock code: 688599 Stock abbreviation: Trina Solar Announcement No.: 2024-083

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 August 1, 2024 to August 31, 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: RMB3.335 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 is

59.297 billion yuan, accounting for 188.12% 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 56.836 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

As a result, the Company and its subsidiaries during the period from August 1, 2024 to August 31, 2024, the Company will be tired

The amount of guarantees incurred (including the guarantees made to the company by subsidiaries within the scope of the company's consolidated statements) was 3.335 billion yuan, accounting for 10.58% of the company's latest audited net assets. For details, please refer to Annex I "Days".

Guarantee Details of Heguang Co., Ltd. from August 1, 2024 to August 31, 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. as of August 1, 2024".

Details of the guarantee until August 31, 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 subsidiaries, the state-owned shareholders are required to perform strict approval procedures for external guarantees, and the remaining minority shareholders have no ability to provide guarantees, while the company has full control over the holding subsidiaries, and the company can generally control its 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 is

59.297 billion yuan, accounting for 188.12% of the company's latest audited net assets, of which the balance of guarantees provided by the company to its subsidiaries within the scope of consolidated statements is 56.836 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

September 3, 2024

Appendix 1: Details of Trina Solar's Guarantee for the period from August 1, 2024 to August 31, 2024

Unit: 10,000 yuan

Guaranteed

Whether it is involved

Preface Legal representative and the guarantee of the previous period

Guarantor Business Scope Guarantor Financial Institution Currency Guarantee Method Guarantee Term and Counterburden

Person, Director, Municipal Corporation Amount

protect

relationship

Licensed items: power generation business, transmission business, power supply (distribution) business Bank of China Co., Ltd

General projects: photovoltaic equipment and components manufacturing; Photovoltaic equipment and components Qiancheng Central Sub-branch RMB 40,000

Trina Solar (Su Wu Jianfeng piece sales; import and export of goods; technology import and export; Technical Services, Technology Wholly-owned Subsidiary Trina Solar Joint and Several Liability Guarantee 2024/8/9-2 No

1 Relocation) Co., Ltd. development, technical consultation, technical exchange, technology transfer, technology promotion; Company Co., Ltd. China Construction Bank Co., Ltd. Notarial Guarantee 029/5/21

battery manufacturing; battery sales; photovoltaic power generation equipment leasing; Solar Development Suqian Branch RMB 10,000

Electrical technical services

Solar photovoltaic power station equipment manufacturing, solar photovoltaic power station equipment and department

system installation; Polycrystalline ingots, monocrystalline silicon rods, silicon wafers, solar electricity

manufacturing of pool sheets and photovoltaic modules; solar energy and solar energy technology development; pin

Sell self-produced products; Engaged in polysilicon, machinery and equipment, solar photovoltaic electricity

Station equipment and system integration devices, energy storage and photovoltaic application systems in and out of Trina Solar (usual

Trina Solar's export and wholesale business (not involving state-run trade management commodities, involving quotas, company locality) technology limited

If the license is managed for the goods, the application shall be handled in accordance with the relevant provisions of the state); From Hang Seng Bank (China) Limited Joint and several liability insurance 2024/8/16- No

2 shares of Limited Company Shanghai Branch USD 14,000 Warrants 8/16/2027

Construction and operation of solar power plants (can only be opened after obtaining relevant qualifications.)

exhibition and operation); Consulting services related to the above-mentioned businesses; Solar hair

Electricity; Technology research and development, engineering design and technology of energy storage and photovoltaic application systems

technical services; Testing services for photovoltaic products (with laboratory accreditation certificate

Column testing service project operation).

Trina Solar (Yan Wu Jianfeng General Projects: Photovoltaic Equipment and Component Manufacturing; Technical services, technology wholly-owned subsidiary Trina Solar

New energy has development, technical consultation, technology exchange, technology transfer, and technology promotion; Company Co., Ltd.,

Limited to battery manufacturing; battery sales; sales of photovoltaic equipment and components; Photovoltaic: Trina Solar (usual

leasing of power generation equipment; solar power generation technical services; import and export of goods; State) technology is limited

technology import and export; Import & Export Agency Company

Permitted Items: Electrical Installation Services; Internet information services (required by law

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

Specific business projects are subject to the approval results) General items: technology in and out

Trina Solar (Constant; solar power generation technical services; photovoltaic equipment and components manufacturing; Wholly owned subsidiary: Trina Solar

State) Science & Technology Co., Ltd. Wu Sen manufacturing of non-metallic mineral products; General cargo warehousing services (excluding hazardous companies, limited companies

The company's chemicals and other projects that require license approval); Technical Services, Technology Development,

technical consultation, technology exchange, technology transfer, technology promotion; The software is on

Hair; import and export of goods; Information consulting services (excluding licensing-type information consultations.)

enquiry service); software sales; Sales of photovoltaic equipment and components

The company's objectives are production, acquisition, retrofitting, modification, design and development

silicon products, photovoltaic equipment and solar modules, as well as in the Grand Duke of Luxembourg

selling, marketing, distributing and leasing these products in and/or abroad. furthermore

The purpose of the company is to acquire the control of a Luxembourg or foreign company in any form

Trina Solar equity, as well as all other forms of investment, through purchase, subscription or

(Luxembourg) Gao Jifan, acquired by any other means, and by sale, exchange or any other wholly owned subsidiary Trina Solar shares Joint and several liability insurance 2024/8/12- No

3 Holdings Wu Sen style disposal. Securities of any kind and the administrative, administrative, corporate shares of Banco Santander, S.A. EUR 7,500 Warrant 8/12/2027

S.A.R.L. Control and development. A company can also be a company that is part of the same group of companies

Provide guarantees, loans, or other assistance. In general, the company is okay

Conduct any financial, commercial, industrial, personal or real estate transaction, mining

take any measures to defend its rights as well as to carry out any direct or indirect relations with the Company

Transactions that are related, or that may facilitate its development or expansion.

4 Changzhou Lvze New Tao Wenhao The business scope includes licensed projects: power generation business, power transmission business, supply (distribution) holding subsidiary Tianhe Fujia Neng Industrial Financial Leasing Co., Ltd. RMB 37,000 Joint and several liability insurance 2024/8/9-20 No

Energy Co., Ltd. public power business (projects subject to approval in accordance with the law, after approval by relevant departments, the company's source shares limited company certificate guarantee 33/8/9

The company can carry out business activities, and the specific business projects are subject to the approval results) a company

General projects: technical services, technology development, technical consulting, technical exchanges,

technology transfer, technology promotion; sales of photovoltaic equipment and components; sun

energy generation technology services; project management services; Energy contract management

The business scope includes licensed projects: power generation business, transmission business, supply (distribution)

electricity business; power supply business; Construction of construction projects (subject to approval in accordance with law

Changzhou Weirong new project, after the approval of the relevant departments can carry out business activities, specifically through the holding subsidiary Tianhe Fujia Energy CITIC Financial Leasing Co., Ltd. joint and several liability insurance

5 Energy Science and Technology has Zhang Yuhao Camp project subject to the approval result) General project: Solar power generation technology Yuan Co., Ltd. RMB 36,156 2024/8/27-20 No

Limited to company services; sales of photovoltaic equipment and components; R&D of emerging energy technologies; Company Corporate Guarantee 42/8/30

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

technology exchange, technology transfer, technology promotion; Sales Agent

The business scope includes licensed projects: power generation business, transmission business, supply (distribution)

electricity business; power supply business; Construction of construction projects (subject to approval in accordance with law

Changzhou Shuoyi new project, after the approval of the relevant departments can carry out business activities, specifically by the holding subsidiary Tianhe Fujia can joint and several liability insurance

6 Energy Science and Technology Xu Hanzhi Project is subject to the approval result) General Project: Solar Power Technology Company Yuan Co., Ltd. RMB 600 No

Limited to company services; sales of photovoltaic equipment and components; R&D of emerging energy technologies; Corporate Warranty

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

technology exchange, technology transfer, technology promotion; Sales agent: Bank of Communications Financial Leasing Co., Ltd. 2024/8/30-20

The business scope includes licensed projects: power generation business, transmission business, supply (distribution) division 39/8/15

electricity business; power supply business; Construction of construction projects (subject to approval in accordance with law

Changzhou Bin Gu Yi project, business activities can only be carried out after approval by relevant departments, and the specific holding subsidiary Tianhe Fujia can be jointly and severally liable

7 New Energy Technology Lv Lijie Camp project subject to the approval result) General project: Solar power generation technology company Yuan Co., Ltd. RMB 1,400 No

Ltd. Services; sales of photovoltaic equipment and components; R&D of emerging energy technologies; Corporate Warranty

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

technology exchange, technology transfer, technology promotion; Sales Agent

The business scope includes licensed projects: power generation business, transmission business, supply (distribution)

electricity business; power supply business; Construction of construction projects (subject to approval in accordance with law

Changzhou Yishangxin project can only carry out business activities after approval by relevant departments, and the specific holding subsidiary Tianhe Fujia can be jointly and severally liable

8 Energy Science and Technology has Zhang Lei Camp project subject to the approval result) General project: Solar power generation technology company Yuan Co., Ltd. RMB 2,100 No

Limited to company services; sales of photovoltaic equipment and components; R&D of emerging energy technologies; Corporate Warranty

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

technology exchange, technology transfer, technology promotion; Sales Agent

The business scope includes licensed projects: power generation business, transmission business, supply (distribution)

electricity business; power supply business; Construction of construction projects (subject to approval in accordance with law

Changzhou Shuolan new project can only carry out business activities after approval by relevant departments, and the specific holding subsidiary Tianhe Fujia can be jointly and severally liable

9 Energy Science and Technology has Zhang Lei Camp project subject to the approval result) General project: Solar power generation technology company Yuan Co., Ltd. RMB 1,200 No

Limited to company services; sales of photovoltaic equipment and components; R&D of emerging energy technologies; Corporate Warranty

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

technology exchange, technology transfer, technology promotion; Sales Agent

The business scope includes licensed projects: power generation business, transmission business, supply (distribution)

electricity business; power supply business; Construction of construction projects (subject to approval in accordance with law

Changzhou Shanglan new project, after the approval of the relevant departments can carry out business activities, specifically by the holding subsidiary Tianhe Fujia can joint and several liability insurance

10 Energy Technology has Zhang Lei Camp project subject to the approval result) General project: Solar power generation technology company Yuan Co., Ltd. RMB 5,500 No

Limited to company services; sales of photovoltaic equipment and components; R&D of emerging energy technologies; Corporate Warranty

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

technology exchange, technology transfer, technology promotion; Sales Agent

Kaifeng Yuhexin's business scope includes general projects: research and development of emerging energy technologies; Solar Energy Trina Fujia

Energy Co., Ltd. Liu Xinnian Power Generation Technical Services; sales of photovoltaic equipment and components; Technical services, holding subsidiaries limited joint and several liability insurance

11 Technology development, technical consultation, technology exchange, technology transfer, technology promotion company RMB 4,200 No

Company Warrant

Wide; foreign contracted projects; energy contract; Sales Agent

12 Zhoukou Xihexin Yang Fei The business scope includes general projects: solar power generation technical services; PV Holding Subsidiary Trina Fujia RMB 1,400 Joint and Several Liability Guarantee No

Energy technology has equipment and components sales; foreign contracted projects; Emerging Energy Technology Research Company Source Co., Ltd. Limited Warrant

Limited to company issuance; energy contract; Technical services, technology development, technical consulting, companies

technology exchange, technology transfer, technology promotion; Sales Agent

The business scope includes licensed projects: power generation business, transmission business, supply (distribution)

electricity business; Power supply business (projects subject to approval in accordance with the law, by the relevant ministry.)

Jiaozuo Fuming Xinmen can only carry out business activities after approval, and the specific business projects are jointly and severally liable for the relevant department's holding subsidiary, Tianhe Fujia

13 Energy Co., Ltd. Liu Heyun Approval documents or permits shall prevail) General Projects: Solar Power Generation Company Yuan Co., Ltd. RMB 1,900 No

Division of technical services; photovoltaic equipment and components manufacturing; Emerging Energy Technology Research Company Certificate Guarantee

Hair; Technical services, technology development, technical consultation, technical exchanges, technology

technology transfer and technology promotion; energy contract; Sales Agent

The business scope includes licensed projects: power generation business, transmission business, supply (distribution)

electricity business; power supply business; Construction of construction projects (subject to approval in accordance with law

Changzhou Tianjing's new project can only be carried out after approval by relevant departments, and the specific holding subsidiary Tianhe Fujia can be jointly and severally liable

14 Energy Technology has Li Di Ying project subject to the approval result) General project: Solar power generation technology company Yuan Co., Ltd. RMB 7,000 No

Limited to company services; sales of photovoltaic equipment and components; R&D of emerging energy technologies; Corporate Warranty

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

technology exchange, technology transfer, technology promotion; Sales Agent

The business scope of Zhejiang Fujia Branch includes general projects: sales of photovoltaic equipment and components; Too Tianhe rich family can

Cloth energy has Liao Shengbin solar power generation technical services; Contract energy management (except for the joint and several liability insurance of the controlling sub-source shares limited liability which must be approved in accordance with the law.)

15 projects, with a business license to carry out business activities independently in accordance with the law). Xu Company RMB 10,000 No

Limited to the company's corporate certificate guarantee

Item: Category II value-added telecommunications services.

The business scope includes general projects: sales of solar thermal utilization equipment; Too Tianhe rich family can

Hai) new energy has Liao Shengbin Yang energy heat utilization product sales; sales of solar thermal power generation products; Sun Holding Ziyuan Co., Ltd. Standard Chartered Bank (China) Co., Ltd. Joint and several liability insurance 2024/3/4-202

16. Sales of energy and thermal power generation equipment; sales of photovoltaic equipment and components; Technology into the company USD 2,300 No

Limited to the company's certificate guarantee 9/3/3

Outlet; import and export of goods; Import and export agency.

The business scope includes licensed projects: technology import and export; import and export of goods;

Import and export agency (projects subject to approval in accordance with the law, approved by relevant departments.)

Business activities can only be carried out after that) General items: Internet sales (excluding sales

Hainan Fujia sells new goods that require a license); sales of photovoltaic equipment and components; Information Holding Sub Trina Fujia

Energy Technology has Liao Shengbin system integration services; business management consulting; energy contract; Sun Company Source Co., Ltd

Limited to the company's power generation technical services; Technical services, technology development, technical consulting, companies

technology exchange, technology transfer, technology promotion; sales of electronic products; number

processing services; R&D of emerging energy technologies (except for licensed business, may

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

The business scope includes licensed projects: Class II value-added telecommunications services; transmit electricity

Installation, maintenance and testing of power supply and receiving power facilities. (Required by law.)

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

Shanghai Tianhefu The specific business projects are subject to the approval documents or licenses of the relevant departments) Holding subsidiary Tianhe Fujiaeng

Home Energy Co., Ltd. Liao Shengbin General Projects: Energy Management Contract; solar power generation technical services; Light Company Source Co., Ltd

The company manufactures volcanic equipment and components; Internet sales (except for sales require a license company

goods); Sales of photovoltaic equipment and components. (Except subject to approval in accordance with the law.)

In addition to the quasi-project, independently carry out business activities according to the law with a business license).

Haitian Hefujia Energy Co., Ltd. invested in 2 companies.

(Reference exchange rate August 31: USD7.1124; EUR7.8807) is equivalent to 333,493 yuan

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 144,174.0

Company 5,855,247.34 5,479,876.99 3,751,811.60 3,593,093.90 2,103,435.73 1,886,783.09 3,866,104.37 987,544.99 -80,170.30

4

2 Trina Solar (Suqian) RMB

Limited Company 5,008.22 119,660.88 32.76 116,776.13 4,975.46 2,884.74 - 48,004.26 -24.54 -2,090.72

3 Trina Solar (Yancheng) RMB

New Energy Co., Ltd. 354,529.61 257,565.38 302,298.06 213,672.76 52,231.55 43,892.62 917,448.52 289,406.34 -8,507.04 -8,338.93

4 Trina Solar (Changzhou) RMB

Technology Co., Ltd. 1,708,685.01 1,800,676.80 307,859.51 398,133.68 1,400,825.50 1,402,543.12 996,662.32 390,170.04 111,819.18 1,717.61

Trina Solar

5 (Luxembourg) USD 1,684.96 1,641.58 2,523.04 2,512.98 -838.08 -871.40 - - -56.25 -27.95

Holdings S.A.R.L.

6 Tianhe Fujia (Beihai) RMB

New Energy Co., Ltd. 222,803.31 182,763.58 201,077.63 155,389.62 21,725.68 27,373.96 412,269.97 178,215.50 14,054.86 5,648.28

7 Hainan Fujia New Energy Branch RMB

Technology Co., Ltd. 85,415.69 43,723.97 83,291.16 40,035.42 2,124.53 3,688.55 88,003.44 51,156.80 -302.96 1,564.02

8 Shanghai Trina Fujia Energy RMB

Limited 203,475.00 170,165.15 133,871.00 92,628.38 69,604.00 77,536.77 1,261,689.00 300,498.51 43,835.00 9,420.07

9 Changzhou Luze New Energy has RMB

Limited company - 126,080.39 - 125,648.54 - 431.85 - 2,778.88 - -143.95

10 Changzhou Weirong New Energy Branch RMB

Technology Co., Ltd. - - - - - - - -

11 Changzhou Shuoyi New Energy Branch RMB

Technology Co., Ltd. - 14,947.22 - 15,151.46 - -204.24 - -204.24

12 Changzhou Bin Gu Yi New Energy RMB

Technology Co., Ltd. - 7,344.83 - 7,455.63 - -110.80 - - - -110.8

13 Changzhou Yishang New Energy Branch RMB

Technology Co., Ltd. - 25,735.51 - 25,925.78 - -190.27 - -190.27

14 Changzhou Shuolan New Energy Branch RMB

Technology Co., Ltd. - 2,063.49 - 2,081.68 - -18.19 - - - -18.19

15 Changzhou Shanglan New Energy Branch RMB

Technology Co., Ltd. - 853.99 - 870.84 - -16.85 - -16.85

16 Kaifeng Yuhe New Energy has RMB

Limited company 3,497.00 9,951.97 3,473.70 9,786.26 23.30 165.71 43.05 415.75 23.30 142.41

17 Zhoukou Xihe New Energy Branch RMB

Technology Co., Ltd. 2,804.85 7,193.01 2,788.11 7,123.97 16.74 69.04 28.67 281.53 16.74 52.30

18 Jiaozuo Fuming New Energy has RMB

Limited company 225.83 4,147.20 224.85 4,082.69 0.98 64.51 1.09 139.99 0.98 63.53

19 Changzhou Tianjing New Energy Branch RMB

Technology Co., Ltd. - 114,940.48 - 114,996.51 - -56.03 - 745.83 - -56.04

20 Zhejiang Fujia Distributed Energy RMB 978,810.5

Source Co., Ltd. 675,285.28 330,263.82 604,776.41 252,178.12 70,508.87 78,085.70 1,021,710.51 388,802.15 7538.41

6

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

Follow Yicai Global on

star50stocks

Ticker Name

Percentage Change

Inclusion Date