Summary by Moomoo AI
On June 28, 2024, Centralwealthgp announced that its wholly-owned subsidiary, Yifeng Financial Co., Ltd. signed a financing agreement with customer A Li Mingpei. According to the agreement, Yifeng will provide a loan of HKD 65 million to customer A, with a term of three years and an annual interest rate of 7%. The loan will be secured by a property located in Shanghai, which has an independent valuation of approximately RMB 41.9 million. Centralwealthgp stated that considering customer A's credit record and the valuation of the collateral, the credit risk of the transaction is relatively low. As the relevant percentage exceeds 5%, the transaction constitutes a disclosure obligation under chapter 14 of the Listing Rules. The board of directors believes that the loan agreement will provide a stable source of interest income for the group, and considers the terms to be fair and in line with the overall interests of the company and shareholders.