Announcement on Progress of Overdue Entrusted Loans to Investee Company
This announcement is made by the company and all members of its board of directors to ensure the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false representations, misleading statements, or material omissions.
Important Reminder:
Yunnan Energy Investment Co., Ltd. (hereinafter referred to as the "Company") has an overdue entrusted loan of RMB 1.47 million to its investee company, 勐腊天勐对外经济贸易有限责任公司 (hereinafter referred to as "天勐公司"), provided under the same terms as its shareholding ratio. The Company will announce the progress of this matter monthly in accordance with Shenzhen Stock Exchange regulations.
The amount of the entrusted loan is small relative to the Company's net assets and net profit, and has been fully provisioned for bad debt. It will not have a significant impact on the Company's current or future profits.
To protect the Company's legitimate rights and interests, the Company will continue to take measures, including but not limited to applying to the court for bankruptcy liquidation of 天勐公司, to properly resolve this matter. Investors are advised to pay attention to investment risks.