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.
Ticker Name
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Inclusion Date