Stock code: 688599 Stock abbreviation: TRW Announcement No.: 2023-030

Convertible Bond Code: 118031 Convertible Bond Short for: Day 23 Convertible Bond

TRINCH LIMITED

Announcement on the progress of the company's new loans and guarantees.

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Important Content Tips:

Guarantee time: March 1, 2023 to March 31, 2023

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

Subsidiaries within the scope of the report

Amount of guarantee for the current period: RMB 3.316 billion (including subsidiaries within the scope of the company's consolidated statement

company-to-company guarantees)

Is there a counter-guarantee for this guarantee: No

There are no corporate affiliates among the guarantors.

Cumulative number of overdue external guarantees: the company has no overdue external guarantees.

As of the end of 2021, the Company's net assets attributable to shareholders of the listed company were

17,111,933,473.15 yuan, January-March 2023, the company and its subsidiaries within the scope of consolidated statements accumulated new

The amount of the additional loan was 3,634,379,078.07 yuan, accounting for the net assets attributable to shareholders of the listed company at the end of 2021.

21.24 percent.

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 financial statements is

27.216 billion yuan, accounting for 159.05 of the company's audited net assets in the latest period, of which the company's guarantee balance to its subsidiaries within the scope of consolidated statements is 25.419 billion yuan.

Overview of 1. guarantees

(I) new guarantees for the current period

In order to meet the company's production and operation and liquidity needs, before ensuring operational norms and risk control.

Under the circumstances, the Company and its subsidiaries were tired during the period from March 1, 2023 to March 31, 2023.

The amount of the guarantee (including the guarantee of the company's subsidiaries within the scope of the company's consolidated financial statements) is 3.316 billion yuan, accounting for 19.38 of the company's audited net assets in the latest period. Please refer to Annex I "Days" for details.

Details of the guarantee from March 1, 2023 to March 31, 2023 ".

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

The company held the 25th meeting of the second board of directors and the second supervisor on December 26, 2022

The 22nd meeting of the meeting, the first extraordinary general meeting of shareholders in 2023, will be held on January 11, 2023.

Don't deliberate and pass the "Proposal on the Company's Application for Comprehensive Financing Line and Provision of Guarantee in 2023", and agree that the company and its subsidiaries intend to apply to banks, insurance companies, financial leasing companies and other financial institutions for no more than RMB 136.177 billion (or equivalent foreign currency) The total amount of credit involved does not exceed RMB 126.937 billion. Among them, the total amount of mutual guarantee provided by the company and its subsidiaries within the scope of consolidated statements shall not exceed RMB 125.157 billion, and the amount of guarantee provided by the company and its subsidiaries to entities outside the scope of consolidated statements shall not exceed RMB 1.78 billion. The actual amount of the guarantee 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 or financial officer of the company and his authorized person to handle the specific matters of this financing and guarantee within the scope of the comprehensive financing amount and guarantee amount according to the needs of the actual operation of the company. The specific matters such as the guarantee method and the guarantee period shall be subject to the guarantee agreement signed between the company and the bank and other financial institutions.

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

2. basic information of the guarantor

For the basic information of the guarantor, please refer to Annex I "Tianhe Photoenergy Co., Ltd. March 1, 2023".

Details of guarantees to 31 March 2023 "and annex II" Financial situation of the guarantor ".

Necessity and reasonableness of 3. guarantee

The above-mentioned guarantee matters are in order to ensure the production and operation needs of the company and its controlling subsidiaries, combined with the current business situation, in line with the company's overall production and operation planning, and help to meet the company's daily use of funds and business development needs. The guaranteed objects are all controlling subsidiaries within the scope of the company's consolidated financial statements, and if the guaranteed objects are non-wholly-owned subsidiaries, the company requires shareholders other than the company to provide guarantees or

Overall controllable.

Cumulative new borrowings 4. January-March 2023

As of the end of 2021, the Company's net assets attributable to shareholders of the listed company were 17,111,933,473.15

The cumulative amount of new borrowings of the Company and its subsidiaries within the scope of the consolidated financial statements from January to March 2023 was $3,634,379,078.07, accounting for 21.24 of the net assets attributable to shareholders of the listed company at the end of 2021.

Cumulative new borrowings ($) Cumulative new borrowings as a percentage of end -2021 attributable

No. Borrowing Type

(Unaudited) Proportion of net assets of shareholders of listed companies

1 Bank borrowings -39,452,479.03 -0.23 per cent

2 Other borrowing 3,673,831,557.10 21.47 per cent

Total/3,634,379,078.07 21.24%

Accumulated amount of external guarantee and overdue guarantee amount of the 5.

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 statement is 27.216 billion yuan, accounting for 159.05 of the company's most recent audited net assets, of which the balance of guarantees provided by the company to its subsidiaries within the scope of the consolidated statement is 25.419 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 associates, and there is no overdue guarantee.

Analysis of the impact of new loans and external guarantees of 6. companies on solvency.

The above-mentioned new loans or external guarantees are in order to ensure the production and operation needs of the company and its holding subsidiaries, combined with the current business situation, in line with the company's overall production and operation planning, is conducive to promoting the sustainable and stable development of its existing business. As of the disclosure date of this announcement, the company's operating conditions are sound, and various business operations are normal. At present, all debts are repaid on time. The above-mentioned new loans will not have a significant adverse impact on the company's solvency.

It is hereby announced.

Board of Directors of TRA

April 4, 2023

Annex I: Breakdown of Guarantee of Tianhe Solar Co., Ltd. from March 1, 2023 to March 31, 2023

Unit: ten thousand yuan

Whether the guarantor is involved

Order Legal Representative Current Burden

The business scope of the guarantor and the currency guarantee method of the financial institution of the listed public guarantor Guarantee period and counter-guarantee.

Number of persons, directors insured amount

The relationship between the company.

Research and development, manufacturing and sales of solar modules; research and development, manufacturing and sales of photovoltaic derivatives

SkyTeam Solar (free sale; Technical consultation, technical service and sales of photovoltaic products; Solar photovoltaic power generation is a wholly-owned subsidiary of SkyTeam Solar, Bank of East Asia (China Joint Liability 2023/3/30

1 Wu) Technology Co., Ltd.Installation and commissioning of Zhao Jinqiang's equipment; Construction, commissioning and maintenance of solar photovoltaic power stations; Self-employed company co., ltd. national) co., ltd. hangmin 15,000 guarantee -2028/3/30 no

Division and agent of all kinds of goods and technology import and export business, but the state limited the company to operate or state branch currency.

Goods and technologies whose import and export are prohibited are excluded.

Trina Solar (sales of Chang optoelectronic equipment, electronic components, electronic equipment, e-commerce (not to engage in joint and several liability of wholly-owned subsidiary Trina Solar shares Societe Generale shares 2023/3/16

2 states) photoelectric equipment includes Chen ye value-added telecommunications and financial services), enterprise management consulting, business information consulting, re-export trade, Changzhou min 100,000 guarantee guarantee of company limited -2024/2/21 no

Ltd. is engaged in the import and export of goods and technology. Branch Coin

TRINA SOLAR Li Yan Trina Solar (Chang DBS Bank (Zhong

3 ENERGY, Jiang Investment Holding, EPC wholly-owned subsidiary Gongzhou) Technology Co., Ltd.) Shangmei 1,000 Joint and Several Liability 2023/1/4-2 No

DEVELOPMENT Yanhong Company's Shanghai Pilot Free Trade Zone Yuan Guarantee 028/1/3

PTE. LTD. Sub-branch

Licensed items: Class II value-added telecommunications services. (Projects subject to approval in accordance with the law, approved by Jiangsu Tianhe Homo sapiens

4 Shanghai Fu Canon Yuan Pu Feng's relevant departments can only carry out business activities after approval. The specific business projects are jointly and severally liable for 98,000 sub-gonghui distributed energy Huaneng Tiancheng financing people wholly owned by relevant departments 2023/2/21-No.

Ltd. Approval Documents or License Documents) General Items: Contract Energy Management; Solar Energy Source Co., Ltd. Leasing Co., Ltd. Currency Guarantee 2024/2/27

Power generation technology services; photovoltaic equipment and components manufacturing.

Jiangsu Family Yuan Household Permit Project: Power Generation, Transmission, Power Supply Business (Projects subject to approval according to law, approved by Jiangsu Tianhe Homo sapiens

5 Distributed energy can only carry out business activities after being approved by relevant departments in Wang Yong. The specific business projects shall be subject to the approval results. The wholly-owned Zi Gong Hui Distributed Energy Jiangsu Financial Leasing People 58,950 Joint Liability 2023/2/15-No

Limited company shall prevail) general items: sales of photovoltaic equipment and components; Solar power generation technology service company limited company currency guarantee 2024/2/25

services; technical services, technology development, technology consulting, technology exchange, technology transfer,

Technology promotion; leasing of photovoltaic power generation equipment; information consulting services (excluding licensing letters

information consulting services)

Licensed projects: power generation, transmission and power supply business (projects subject to approval according to law, approved

Jiangsu Jiashuo household can only carry out business activities with the approval of relevant departments, and the specific business projects are subject to the approval results of Jiangsu Tianhe Homo sapiens.

6 distributed energy is subject to Wang Yong) general items: sales of photovoltaic equipment and components; Solar power generation technology service wholly-owned subsidiary public Hui distributed energy Jiangsu financial leasing 43,150 joint and several liability 2023/2/15-no

Limited company services; technical services, technology development, technology consulting, technology exchange, technology transfer, Siyuan Co., Ltd. currency guarantee 2024/2/25

Technology promotion; leasing of photovoltaic power generation equipment; information consulting services (excluding licensing letters

information consulting services)

Licensed projects: power generation, transmission and power supply business (projects subject to approval according to law, approved

Jiangsu household households can only carry out business activities with the approval of relevant departments, and the specific business projects are subject to the approval results of Jiangsu Tianhe Homo sapiens.

7 Distributed Energy is subject to Wang Yong) General Items: Sales of Photovoltaic Equipment and Components; Solar power technology service wholly-owned subsidiary public Hui distributed energy suyin financial leasing 9,610 joint and several liability 2023/3/27-no

Limited company services; technical services, technology development, technology consulting, technology exchange, technology transfer, Siyuan Co., Ltd. currency guarantee guarantee 2024/3/27.

Technology promotion; leasing of photovoltaic power generation equipment; information consulting services (excluding licensing letters

information consulting services)

(Reference exchange rate March 31: USD6.8886) equivalent to 331,599 RMB

Note: As the Company uses part of the credit guarantee line on a rolling basis within the credit guarantee line approved by the Board of Directors and the general meeting of shareholders, inconsistency between the internal approval time of the financial institution and the maturity date of the original credit line will lead

The start time of the guarantee period shown in the above table is inconsistent with the signing time.

Annex II: Financial Situation of Guaranteed

Unit: ten thousand yuan

Total assets Total liabilities Net assets Operating income Net profit

No. Guarantor Currency 2021.12.31 2022.9.30 2021.12.31 2022.9.30 2021.12.31 2022.9.30 2021 2022 1-September 2021 1-9 2022

Month

1 Tianhe Solar Energy (Yiwu) Technology has RMB 832,181.63 776,382.21 750,263.30 662,987.00 81,918.33 113,395.21 1,203,849.9 1,027,484.8 33,859.10 31,476.87

Limited Company6 7

2 Trina Light Energy (Changzhou) Optoelectronic Set RMB 116,015.75 275,224.77 77,617.06 229,081.44 38,398.69 46,143.33 150,380.45 415,781.65 1,746.12 7,744.64

Company Limited

3 TRINA SOLAR ENERGY CNY 1,283,112.5 2,072,039.8 1,023,807.4 1,678,031.82 259,305.18 394,008.04 2,780,291.6 3,454,280.0 16,528.89 108,225.43

DEVELOPMENT PTE. LTD. 9 6 0 7 8

4 Shanghai Fu Canon Source Co., Ltd. RMB -219,533.87-214,688.71 - 4,845.16 - 109,601.98 - 4,795.16

5 Jiangsu Family Yuan Household Distributed Energy RMB 5.44 31,849.70 5.44 29,843.82 - 2,005.88 - 22.31 - 0.38

Source Limited

6 Jiangsu jiashuo household distributed energy RMB 5.44 29,391.34 5.44 29,440.12-48.78-478.91-48.78

Source Limited

7 Jiangsu households use distributed energy RMB 2,114.75 6,906.35 1,948.62 6,482.07 166 424.28 76.37 544.24 66.13 274.50

Source Limited