Bright Sun Intelligent: Provide a guarantee of 20 million yuan to its subsidiary Bright Sun Hydrogen Fuel.
Mingyang Intelligent announced that on December 24, 2025, in order to meet the operating turnover needs of its holding subsidiary Mingyang Hydrogen Energy, the company provided joint liability guarantee for a total of 20 million yuan in working capital loans applied for by the subsidiary from the Wuxi Branch of Bank of Communications and the Wuxi Branch of Nanjing Bank, with a guarantee period of three years and both with counter-guarantees. This guarantee is within the expected amount. As of the date of the announcement, the company and its holding subsidiaries have a total external guarantee amount of 3.808 billion yuan, accounting for 14.51% of the net assets audited in the most recent period, with no overdue guarantees.
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