Longji Taihe smart energy (01281. HK) entered into a counter guarantee agreement with Hebei Yanrong financing guarantee

Longji Taihe smart energy (01281. HK) announced that on May 19, 2022, cloud energy, a wholly-owned subsidiary of the company, entered into a counter guarantee agreement with the guarantee company (Hebei Yanrong Financing Guarantee Co., Ltd.). According to the agreement, cloud energy company shall provide counter guarantee in the form of security deposit to the guarantee company for providing loan guarantee within the previous service scope and new service scope to the loan bank for the benefit of the buyer.