002362SZSE

Announcement on Providing Financial Assistance to a Controlled Subsidiary and Related Party Transaction

✨ AI Summary

Hanwang Technology Co., Ltd. will provide financial assistance of up to RMB 2 million to its controlled subsidiary, Beijing Zhongke Yueshen Technology Co., Ltd., to support its business development. The loan term is up to 5 years, with interest based on LPR. This is considered a related party transaction due to a shareholder's connection to a director. The board approved the proposal, deeming it beneficial and risk-controlled.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_documentSign In to Upgrade

Securities Code: 002362 Securities Abbreviation: Hanwang Technology Announcement No.: 2026-019

Hanwang Technology Co., Ltd. Announcement on Providing Financial Assistance to a Controlled Subsidiary and Related Party Transaction

The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.

Hanwang Technology Co., Ltd. (hereinafter referred to as the "Company") held the seventh session of the 13th Board of Directors meeting on March 26, 2025, and deliberated and passed the "Proposal on Providing Financial Assistance to a Controlled Subsidiary." The relevant matters are hereby announced as follows:

I. Overview of the Financial Assistance Matter

To support the business development of its controlled subsidiary, Beijing Zhongke Yueshen Technology Co., Ltd. (hereinafter referred to as "Zhongke Yueshen"), and to meet its daily production and operation funding needs, the Company plans to provide financial assistance of up to RMB 2 million with its own funds. The loan term shall not exceed 5 years from the date of issuance. The principal of the loan may be disbursed in installments according to business needs, with the loan term for each installment calculated separately. The interest rate for each loan will be determined based on the latest published Loan Prime Rate (LPR) for the corresponding period by the National Interbank Funding Center on the working day prior to the loan date (drawdown date). According to business needs, the principal of the relevant loan may be renewed upon maturity or repaid in advance. The outstanding loan balance at any point in time shall not exceed RMB 2 million.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.