Securities Code: 002542 Securities Abbreviation: *ST Zhongyan Announcement No.: 2026-071
Zhonghua Geotechnical Group Co., Ltd.
Announcement on Proposed Financing Application to Financial Asset Management Companies
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, without false records, misleading statements, or major omissions.
Zhonghua Geotechnical Group Co., Ltd. (hereinafter referred to as the "Company") deliberated and passed the "Proposal on Applying for Financing from Financial Asset Management Companies" at the 32nd Extraordinary Board Meeting of the Fifth Board of Directors held on August 4, 2026. To repay debts, mitigate risks, and optimize the Company's debt structure, as part of the Company's overall risk resolution plan, the Company intends to apply for financing totaling no more than RMB 2.5 billion from three financial asset management companies: China CITIC Financial Asset Management Co., Ltd. Sichuan Branch (hereinafter referred to as "China CITIC Financial Sichuan Branch"), China Great Wall Asset Management Co., Ltd. Sichuan Branch (hereinafter referred to as "China Great Wall Asset Sichuan Branch"), and China Cinda Asset Management Co., Ltd. Sichuan Branch (hereinafter referred to as "China Cinda Asset Sichuan Branch"). This proposal still needs to be submitted for deliberation at the Company's 5th Extraordinary Shareholders' Meeting in 2026.
In accordance with the "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other laws and regulations, and the "Articles of Association of Zhonghua Geotechnical Group Co., Ltd.," this matter does not constitute a related-party transaction, nor does it constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." The specific situation is as follows:
I. Basic Information of Parties to the Proposed Transaction