Securities Code: 002316 Securities Abbreviation: Yalian Development Announcement No.: 2026-011
Jilin Yalian Development Technology 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 are free from any false records, misleading statements, or significant omissions.
I. Overview of Related Party Transaction
Jilin Yalian Development Technology Co., Ltd. (hereinafter referred to as "Yalian Development" or "the Company") held its 6th Board of Directors' 25th Meeting and 6th Supervisory Board's 19th Meeting on April 27, 2025, and May 30, 2025, respectively, and its 2024 Annual Shareholders' Meeting deliberated and approved the "Proposal on Borrowing from Controlling Shareholder and Related Party Transaction." It was agreed to extend the loan of RMB 150 million from the controlling shareholder Dalian Zhili Investment Development (Group) Co., Ltd. (hereinafter referred to as "Zhili Development"). The extension period is from July 1, 2025, to June 30, 2026. During this period, the loan interest rate is calculated at an annual rate of 1.1%, and a "Loan Extension Agreement" (hereinafter referred to as the "Original Loan Agreement") was signed. As of March 10, 2026, the outstanding principal balance of the aforementioned loan was RMB 100 million.
Due to operational and business development needs, the Company plans to apply to its controlling shareholder, Zhili Development, for an extension of the aforementioned loan and to sign a "Loan Extension Agreement." The maximum loan principal will be adjusted to RMB 100 million, and the loan extension period will be from July 1, 2026, to June 30, 2027. During this period, the loan interest rate will be calculated at an annual rate of 0.95%. The Company may repay the loan in advance as needed.