Announcement of Xinjiang Zhongtai Chemical Co., Ltd. and Subsidiaries Applying for Financial Assistance from Xinjiang Zhongtai Group Co., Ltd. and Its Subsidiaries
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
I. Basic Information on the Application for Financial Assistance and Related Transactions
(1) Amount, Term, and Purpose of Financial Assistance
Xinjiang Zhongtai Chemical Co., Ltd. (hereinafter referred to as "the Company" or "Zhongtai Chemical") and its subsidiaries plan to apply for financial assistance of no more than 2 billion yuan from the controlling shareholder, Xinjiang Zhongtai Group Co., Ltd. (hereinafter referred to as "Zhongtai Group"), and its subsidiaries, based on operational development needs. The term is one year, with the possibility of revolving use within the effective period. The interest rate for the financial assistance will be no higher than the one-year Loan Prime Rate (LPR), effective for one year from the date of approval by the shareholders' meeting.