000905SZSE

Verification Opinion of China International Capital Corporation on Xiamen Port Development Co., Ltd. Providing Loans to Its Controlling Subsidiary

Xiamen Port Development Co., Ltd.··6 pages

✨ AI Summary

China International Capital Corporation conducted a verification of Xiamen Port Development's plan to provide loans up to RMB 500 million to its subsidiary, Xiamen Container Terminal Group. The loans aim to support the subsidiary's operational needs and debt repayment. The board approved the proposal, and the financial assistance complies with relevant regulations, ensuring no harm to shareholder interests.

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Full Translation

AI Translation· azure_openai

Verification Opinion

China International Capital Corporation, as the independent financial advisor for Xiamen Port Development Co., Ltd. (hereinafter referred to as "Xiamen Port" or "the Company"), conducted a special verification regarding the provision of loans to its controlling subsidiary. This was in accordance with the relevant regulations of the Shenzhen Stock Exchange and the Company's Articles of Association.

Overview of Financial Assistance

Xiamen Port plans to provide a total loan not exceeding RMB 500 million (inclusive) to Xiamen Container Terminal Group Co., Ltd. (hereinafter referred to as "Container Terminal Group") to meet its financial needs for debt repayment, daily operations, and equity investments. The loans will be in the form of self-funded loans and centralized borrowing, with a maximum term of 12 months from the date of board approval. Container Terminal Group can apply for loans in installments based on actual needs.

ItemAmount (RMB million)
Total Loan Amount500

The interest rate for self-funded loans will be based on the same period loan rates available to Container Terminal Group from commercial banks. The centralized borrowing interest rate will be based on the rates obtained by the Company from commercial banks or the coupon rates of issued bonds.

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