Securities Code: 000878 Securities Abbreviation: Yunnan Copper Announcement Number: 2026-044 Yunnan Copper Co., Ltd. Progress Announcement on Financial Assistance to Subsidiary and Related Party Transaction The Company and the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and there is no false record, misleading statement or major omission. I. Overview of Financial Assistance Matter Yunnan Copper Co., Ltd. (hereinafter referred to as the Company) held the 11th meeting of the 10th Board of Directors on March 25, 2026, and the 2025 Annual Shareholders' Meeting on April 17, 2026, respectively. The "Proposal on Financial Assistance to Subsidiaries and Related Party Transactions for 2026" was deliberated and approved. It was agreed that the subsidiary China Copper International Trade Group Co., Ltd. (hereinafter referred to as China Copper International Trade) would provide a RMB 1 billion or equivalent USD internal loan to another subsidiary of the Company, Yunnan Copper Hong Kong Co., Ltd. (hereinafter referred to as Yunnan Copper Hong Kong). For specific details, please refer to the "Announcement of Resolutions of the 11th Meeting of the 10th Board of Directors of Yunnan Copper Co., Ltd." (Announcement No.: 2026-010) disclosed by the Company on the designate
000878SZSE
Progress Announcement on Financial Assistance to Subsidiary and Related Party Transaction
✨ AI Summary
Yunnan Copper Co., Ltd. announces the progress of financial assistance to its subsidiary, Yunnan Copper Hong Kong, through its subsidiary China Copper International Trade Group. A loan agreement for up to RMB 1 billion or equivalent USD was signed, with an initial disbursement of USD 10.2 million at an annual interest rate of 4.22%. The company assesses the risk as controllable.
Summary generated by AI · Always verify with source document
Full Translation
AI Translation· gemini_document
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.