Hong De Energy: Announcement of Endorsement and Guarantee Matters by the Company and its Subsidiary Starlight Power Pursuant to Article 25, Paragraph 1, Subparagraph 4 of the Regulations Governing Funds Lending and Endorsements/Guarantees by Publicly Issued Companies

1. Date of occurrence: 115/05/11
2. Endorsed/Guaranteed Company:
(1) Company Name: HUI JU ENERGY CO., LTD.
(2) Relationship with the endorsing/guaranteeing company: The Company's indirectly held 67.23% owned subsidiary.
(3) Limit of endorsement/guarantee (thousand yuan): 86,504,712
(4) Original balance of endorsement/guarantee (thousand yuan): 330,000
(5) Amount of new endorsement/guarantee (thousand yuan): 1,100,000
(6) Balance of endorsement/guarantee as of the date of occurrence (thousand yuan): 1,430,000
(7) Actual amount utilized by the endorsed/guaranteed company (thousand yuan): 330,000
(8) Reason for new endorsement/guarantee: To meet the operating fund needs of the subsidiary.
(1) Company Name: HUI JU ENERGY CO., LTD.
(2) Relationship with the endorsing/guaranteeing company: A wholly-owned subsidiary of Starlight Power.
(3) Limit of endorsement/guarantee (thousand yuan): 4,566,060
(4) Original balance of endorsement/guarantee (thousand yuan): 3,500,000
(5) Amount of new endorsement/guarantee (thousand yuan): 3,500,000
(6) Balance of endorsement/guarantee as of the date of occurrence (thousand yuan): 7,000,000
(7) Actual amount utilized by the endorsed/guaranteed company (thousand yuan): 2,939,972
(8) Reason for new endorsement/guarantee: To meet the operating fund needs of the subsidiary.
3. Collateral provided by the endorsed/guaranteed company:
(1) Content: Pledge of 100% equity in Hui Ju Energy.
(2) Value (thousand yuan): 1,504,362
4. Most recent financial statements of the endorsed/guaranteed company:
(1) Capital (thousand yuan): 1,500,000
(2) Accumulated surplus/deficit amount (thousand yuan): 3,429
5. Conditions for release of endorsement/guarantee responsibility:
(1) Conditions: Expiration of contract period or other conditions for release of guarantee responsibility have been met.
(2) Date: Date when the contract period expires or other conditions for release of guarantee responsibility are met.
6. Total limit of endorsement/guarantee (thousand yuan): 86,504,712
7. As of the date of occurrence, balance of endorsement/guarantee (thousand yuan): 11,057,022
8. As of the date of occurrence, the ratio of the balance of endorsements/guarantees provided by A to the net worth of the publicly issued company in its most recent financial statements: 102.26
9. As of the date of occurrence, the ratio of the sum of balances of endorsements/guarantees, long-term investments, and fund lending to the net worth of the publicly issued company in its most recent financial statements: 116.52
10. Other matters to be stated: The company convened a board meeting before the expiration of the old agreement to approve the renewal. Therefore, there is a situation where the endorsement/guarantee balance is double-counted between the board approval date and the new contract start date.
Keywords: Material Information