Summary by Moomoo AI
On July 17, 2024, Goldwind Science & Technology announced that it will provide guarantees for its wholly-owned subsidiary, Goldwind International Holdings (Hong Kong) Limited's controlled subsidiary, Goldwind New Energy South Africa Proprietary Limited. Goldwind New Energy South Africa has signed a long-term operation and maintenance service agreement with Power Construction Corporation of China, Ltd., its wholly-owned subsidiary, Electrical Construction of South Africa, and Power Africa. Goldwind Science & Technology signed a guarantee agreement for its parent company to provide guarantees for Goldwind New Energy South Africa's performance and default compensation obligations. The guaranteed amount does not exceed RMB 66,593,844 and ZAR 53,316,900 (approximately RMB 87,714,466.72), accounting for 0.23% of the company's audited net assets in 2023. Goldwind New Energy South Africa was established in December 2021 and mainly engaged in the sales, construction, and operation and maintenance services of wind power generators. As of May 2024, Goldwind New Energy South Africa's asset-liability ratio exceeded 70%, and the company reminds investors to pay attention to related guarantee risks.