Jilin Liyuan Refining Co., Ltd. Announcement on Extension of Loan and Related Party Transaction
The company and the board of directors guarantee the authenticity, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
I. Overview of Related Party Transactions (I) Background of the Debt To support the company's stable development and supplement working capital, Suzhou Baisheng Real Estate Co., Ltd. (formerly Jiangsu Bubugao Real Estate Co., Ltd., hereinafter referred to as "Suzhou Baisheng"), the indirect controlling shareholder, provided the company with an interest-free loan of RMB 30 million. The loan term was 12 months, calculated from the date of disbursement. The company was not required to provide any guarantee for this loan. For details, please refer to the "Announcement on Accepting Financial Assistance from Indirect Controlling Shareholder and Related Party Transaction" disclosed by the company on the Juchao Information Network (www.cninfo.com.cn) on April 29, 2025, announcement number: 2025-046. The RMB 30 million loan was fully received on June 16, 2025. As of June 16, 2026, the company had repaid RMB 10 million, with RMB 20 million still owed to Suzhou Baisheng.
(II) Basic Information of Related Party Transaction On June 22, 2026, the company signed the "Loan Extension Agreement" (hereinafter referred to as the "Agreement") with Suzhou Baisheng to extend the maturity of the RMB 20 million loan owed to Suzhou Baisheng. Before the extension, the loan was due on June 16, 2026; after the extension, the loan will be due on December 16, 2026. The interest rate during the extension period remains interest-free. The company is not required to provide any guarantee.
(III) Explanation of Related Party Relationship Suzhou Baisheng does not directly hold shares in the company. It indirectly holds 800,000,000 shares of the company through its 100% equity interest in Beiyou Intelligent Technology (Changchun) Co., Ltd., accounting for 22.54% of the company's total share capital. According to the "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant regulations, this transaction constitutes a related party transaction with Suzhou Baisheng.