Important Content Reminder
- Jin Ke Real Estate Group Co., Ltd. (hereinafter referred to as "the Company") intends to provide financial assistance to a newly established project company. The Company plans to collaborate with other partners to provide financial assistance for the development of the Xi'an Economic Development Zone Fengcheng 7th Road project, with the Company's assistance amount not exceeding 50 million yuan and a term not exceeding 24 months.
- This financial assistance matter has been approved by the Company's 12th Board of Directors at its 9th meeting.
Overview of Financial Assistance
The Company intends to establish a project company in collaboration with Xi'an Economic Development Financial Holding Co., Ltd. (hereinafter referred to as "Jingkai Financial Holding"), AVIC Trust Co., Ltd. (hereinafter referred to as "AVIC Trust"), and Xi'an Guojia Miao Village Urban Renewal Development Co., Ltd. (hereinafter referred to as "Urban Renewal Company") to jointly develop the Xi'an Economic Development Zone Fengcheng 7th Road project. The project is currently part of the Company's trust package. The Company plans to establish a new project company with partners to undertake the trust package project assets and carry out project development. To support the operational development needs of the project company, the Company intends to provide financial assistance alongside other partners. The Company will provide financial assistance not exceeding its shareholding ratio, while other partners will provide financial assistance not less than their shareholding ratio. The Company plans to provide financial assistance of no more than 50 million yuan to the project company, Jingkai Financial Holding intends to provide no more than 250 million yuan, AVIC Trust intends to provide no more than 320 million yuan, and Urban Renewal Company intends to provide no more than 226 million yuan. The assistance recipient does not fall under the circumstances prohibited from providing financial assistance as per the Shenzhen Stock Exchange's "Stock Listing Rules" and "Self-Regulatory Guidelines No. 1 for Listed Companies." The aforementioned financial assistance matter has been approved by the Company's 12th Board of Directors at its 9th meeting, meeting the necessary review procedures for the transaction to take effect, and does not require submission to the Company's shareholders' meeting for review.