Core Insights - Longi Green Energy, a major player in the photovoltaic industry, has finalized its strategic plan to enter the energy storage sector [1] - The acquisition of Suzhou Jingkong Energy Technology Co., Ltd. has been disclosed, marking the transaction's entry into the public announcement phase [1] - Longi Green Energy aims to acquire approximately 61.9998% of the voting rights in Jingkong Energy through equity purchase, capital increase, and voting rights delegation [1] Company Overview - Longi Green Energy was established on February 14, 2000, in Xi'an, Shaanxi Province, and primarily engages in the production of monocrystalline silicon wafers, battery modules, distributed photovoltaic solutions, ground photovoltaic solutions, and hydrogen equipment [1] - Jingkong Energy specializes in lithium-ion battery energy storage systems and has a global presence, covering key regions such as mainland China, Europe, North America, and Australia [1] Market Performance - As of November 14, Longi Green Energy's stock price increased by 2.72%, closing at 21.88 yuan per share, with a total market capitalization of 165.8 billion yuan [2]

Core Viewpoint - The company emphasizes the importance of deep earth development and utilization research, showcasing its advancements in salt cavern energy storage technology and strategic projects aimed at enhancing energy storage capabilities [1] Group 1: Company Developments - On August 20, the company held a conference in Huai'an to unveil its achievements in deep earth energy storage, marking the establishment of a "Chinese solution" for efficient salt cavern gas storage [1] - The company is currently focusing on key projects related to deep earth development, including the Zhangxing gas storage facility (Phase I) and a joint venture with Guoxin Group for a 600MW compressed air energy storage project [1] - The company has initiated a project for the research and development of key technologies for large-scale hydrogen storage in salt caverns, which was approved as a leading technology project in Jiangsu Province [1] Group 2: Research and Technology - The company is collaborating with the Wuhan Institute of Rock and Soil Mechanics of the Chinese Academy of Sciences to advance feasibility studies and well construction for its hydrogen storage project [1] - A project for evaluating and monitoring the effectiveness of CO2 storage has been approved as a major national science and technology project, with preliminary work on a CO2 storage demonstration project already underway [1] - The company holds nine quality medium and large salt mining rights, covering nearly 30 square kilometers, with high-quality mineral resources and a reserve of 15 billion tons [1] Group 3: Strategic Positioning - The company possesses proprietary technologies such as "underground cyclic soda production technology" and "new technology for connecting salt cavern gas storage," which are critical to its operations [1] - Located in the economically vibrant Yangtze River Delta, the company benefits from advantageous transportation and location conditions [1] - The company aims to leverage its core advantages and policy support to accelerate the development of the deep earth economy and contribute to the national energy storage strategy [1]

Core Viewpoint - The company, Hunan Keli Yuan New Energy Co., Ltd., has provided a guarantee for a financing lease agreement involving Linyi Kairui Project Management Co., Ltd., amounting to 104 million yuan, which is 50% of the total financing amount of 208 million yuan for a 10-year lease [1][2][5]. Summary by Sections Guarantee Overview - The financing lease contract was signed between Linyi Kairui and Bank of China Financial Leasing Co., Ltd., with a principal amount of 208 million yuan and a lease term of 10 years [2]. - The company holds a 47.44% stake in Linyi Kairui through its investment in the storage industry fund, which owns 95% of Linyi Kairui [2][5]. - The guarantee provided by the company covers 50% of the financing lease, amounting to 104 million yuan, including related interest and fees [1][2]. Guarantee Details - Linyi Kairui has pledged its electricity collection rights as collateral for the lease obligations, and its parent company has pledged 100% of its shares to secure the debt [3]. - The guarantee agreement was approved by the company's board and shareholders, allowing for a total guarantee limit of 60 million yuan across multiple projects, with a specific limit of 15 million yuan for Linyi Kairui [3][6]. Financial Status of the Guaranteed Entity - Linyi Kairui was established in March 2024, with a registered capital of 55 million yuan and a total asset value of 519 million yuan as of June 30, 2025 [4]. - The company reported a net asset value of 79.75 million yuan and a total liability of 439.25 million yuan [4]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to support the construction of independent energy storage projects, which aligns with the company's strategic goals and enhances its core competitiveness in the lithium battery materials sector [5]. - The successful completion of the energy storage project is expected to yield stable investment returns for the company [5].

Group 1 - The company will hold its first extraordinary general meeting of shareholders in 2025 on June 25 at 14:00 in Shenzhen [1][4] - Voting will be conducted through a combination of on-site and online methods, with specific time slots for online voting [2][3] - The meeting will review a proposal regarding providing guarantees for a battery energy storage project company, which has already been approved by the board [5][21] Group 2 - The company plans to provide a guarantee of 50% of the total debt for a financing lease contract amounting to 20,800 million yuan, which translates to a guarantee of 10,400 million yuan [26][34] - The guarantee is part of a broader strategy to support the construction of an independent energy storage power station, which is expected to enhance the company's core competitiveness [37][38] - As of the announcement date, the company has no overdue guarantees and has a total of 441,656 million yuan in guarantees, which exceeds 160% of the latest audited net assets [39]