Shenzhen Sunxing Light Alloys Materials (603978.SH) announced to support the company's business development, shareholder Shenzhen Yanda Investment Co..., Ltd. plans to provide financial assistance to the company not exceeding RMB 250 million. The amount of funds assistance depends on the actual amount received, and the loan interest rate is not higher than the benchmark interest rate for the same period set by the People's Bank of China, and the company does not need to provide any form of mortgage or guarantee for the financial assistance. The validity period of this transaction is two years from the date of approval by the board of directors, and the quota can be used in a revolving manner during the valid period.
Shenzhen Sunxing Light Alloys Materials (603978.SH) announced that in order to support the company's business development, shareholder Shenzhen Yanda Investment Co., Ltd. plans to provide funding assistance not exceeding RMB 250 million. The assistance amount is based on the actual amount received, and the loan interest rate is not higher than the benchmark interest rate for the same period set by the People's Bank of China. The transaction will be valid for two years from the date of approval by the board of directors, and the quota can be used in a revolving manner during the valid period without the need for any mortgage or guarantee for the financial assistance.
The funds for this transaction will mainly be used by the company to repay interest-bearing debts and supplement working capital. The loan interest rate will not be higher than the benchmark interest rate for the same period set by the People's Bank of China, and the company does not need to provide any form of mortgage or guarantee. This reflects the support of Shenzhen Yanda Investment, the major shareholder, for the company's business development and meets the needs of the company's business development. This does not harm the interests of the company and shareholders, especially small and medium shareholders, and does not affect the company's independence.