DRINDA (02865.HK): guarantees RMB 150 million for Huai'an Jietai
- The guarantee period runs separately for each debt, for three years from the expiry of that debt's performance period, and covers principal, interest (including compound interest and penalty interest), damages and enforcement costs.
- Huai'an Jietai has RMB 1.5 billion of registered capital, 2025 revenue of RMB 5.9759 billion and a net loss of RMB 273.43 million, all audited.
NewTimeSpace News: On 21 October 2026, Hainan Drinda New Energy Technology Co., Ltd. (stock code: 02865) published an overseas regulatory announcement under Rule 13.10B on a guarantee for a wholly-owned subsidiary. The Company and unit Shangrao Jietai jointly guaranteed a credit facility for Huai'an Jietai at Bank of China's Lianshui branch, with a maximum principal of RMB 150 million.
The guarantee sits within the RMB 14 billion 2026 quota approved by the board on 4 December 2025 and by shareholders on 24 December 2025, with internal approval done, no further approval is needed. Huai'an Jietai was set up in 2022 with RMB 1.5 billion of registered capital; at 31 December 2025 its audited total assets were RMB 7.1576 billion and net assets RMB 1.0707 billion, with 2025 revenue of RMB 5.9759 billion and a net loss of RMB 273.43 million. Cumulative guarantees reach RMB 8.0176 billion, or 219.07% of audited net assets, none overdue or under litigation.
