Securities Code: 000695
Securities Abbreviation: Binhai Energy
Announcement Number: 2026-061
Tianjin Binhai Energy Development Co., Ltd.
Announcement on Borrowing from Controlling Shareholder and Related Party Transaction
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
I. Transaction Overview
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To further support the business development of Tianjin Binhai Energy Development Co., Ltd. (hereinafter referred to as the "Company"), meet the needs of daily production and operation, and project construction, and provide sufficient working capital, the controlling shareholder Yangbin Group Co., Ltd. will provide the Company and its subsidiaries with a credit line of RMB 1.2 billion. This includes credit lines of RMB 900 million, RMB 100 million, and RMB 200 million to the Company, Xingtai Yangbin New Energy Technology Co., Ltd. (hereinafter referred to as "Xingtai New Energy"), and Inner Mongolia Xiangfu New Energy Co., Ltd. (hereinafter referred to as "Xiangfu New Energy") respectively. The loan term is 2 years, and the credit line can be used cyclically within the term. The loan interest rate is 4.45% per annum, and no collateral is set.
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According to the "Listing Rules of Shenzhen Stock Exchange", the counterparty to this transaction is the Company's controlling shareholder, constituting a related party transaction. This transaction does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies", nor does it constitute a restructuring for listing.