Securities Code: 300857
Securities Abbreviation: Xiechuang Data
Announcement Number: 2026-060
Xiechuang Data Technology Co., Ltd. (hereinafter referred to as "the Company") held the 13th meeting of the 4th Board of Directors on April 10, 2026, and approved the proposal regarding adjustments to borrowing from related shareholders and related transactions. The specific circumstances are announced as follows:
1. Overview of Related Transactions
On March 7, 2025, the Company held the 32nd meeting of the 3rd Board of Directors and the 29th meeting of the 3rd Supervisory Board, where it approved the proposal for the controlling shareholder to provide loans to the Company and its subsidiaries. The controlling shareholder, Xiechuang Wisdom Technology Co., Ltd. (hereinafter referred to as "Xiechuang Wisdom"), intends to provide loans totaling no more than RMB 1.5 billion (revolving) for a term of three years (calculated from the actual loan date). For details, see the announcement on the Giant Tide Information Network (Announcement Number: 2025-012).
On December 15, 2025, the Company held the 9th meeting of the 4th Board of Directors, where it approved the proposal for the controlling shareholder to provide loans to the Company and its subsidiaries. The controlling shareholder, Xiechuang Wisdom, intends to provide loans totaling no more than RMB 500 million (revolving) for a term of three years (calculated from the actual loan date). For details, see the announcement on the Giant Tide Information Network (Announcement Number: 2025-152).
On January 28, 2026, the Company held the 10th meeting of the 4th Board of Directors, where it approved the proposal for the controlling shareholder to provide loans to the Company and its subsidiaries. The controlling shareholder, Xiechuang Wisdom, intends to provide loans totaling no more than RMB 1 billion (revolving) for a term of three years (calculated from the actual loan date). For details, see the announcement on the Giant Tide Information Network (Announcement Number: 2026-006).
To support the Company's production, operations, and development, the Company held the 13th meeting of the 4th Board of Directors on April 10, 2026, and approved the proposal to adjust the borrowing limit from the related party, Xiechuang Wisdom, to no more than RMB 3.5 billion. The Company may apply for loans in batches based on actual funding needs, with interest rates referenced to the bank loan market quotation rates and determined through negotiation between both parties, for a term of three years (calculated from the actual loan date). This limit is valid for three years from the date of approval at the 4th extraordinary shareholder meeting of 2026, and the limit can be used repeatedly within its validity period, with early repayment allowed.
As of the date of this announcement, Xiechuang Wisdom holds 20.30% of the Company's shares and is the controlling shareholder. According to the relevant provisions of the Shenzhen Stock Exchange's GEM Listing Rules, Xiechuang Wisdom is a related legal entity of the Company, and this borrowing constitutes a related transaction.