Malion(SZ:300586) Zheng Quan Zhi Xing·2025-06-20 12:07Core Viewpoint - The company plans to provide financial assistance to its subsidiary, Anshan Huihong Pigment Technology Co., Ltd., in the form of a cash loan not exceeding RMB 50 million, with an interest rate of 3.0% and a repayment period of up to 24 months for each loan [1][8]. Financial Assistance Overview - The financial assistance aims to support the daily operations and project development of Huihong Technology without affecting the company's normal business operations and fund usage [1][7]. - The decision for this financial assistance will be valid for two years from the date of approval by the board of directors [8]. Subsidiary Information - Huihong Technology is a wholly-owned subsidiary of Meicai New Materials, with a registered capital of RMB 150 million and a good credit rating, indicating its ability to fulfill repayment obligations [3][5]. - As of December 31, 2024, Huihong Technology reported total assets of approximately RMB 205.18 million, total liabilities of about RMB 26.62 million, and a net profit of approximately RMB 14.28 million for the year [4][5]. Financial Assistance Agreement - The loan agreement allows Huihong Technology to use the loan amount cyclically, with each loan's term not exceeding 24 months from the actual payment date [6][8]. - The company will charge interest based on the loan market quotation rate (LPR) plus a penalty for any defaults [6]. Board of Directors' Opinion - The board believes that providing financial assistance will alleviate Huihong Technology's financial pressure and support its operational and project funding needs [7][8]. - The financial assistance is structured to ensure it does not harm the interests of the company or its shareholders, particularly minority shareholders [7][8]. Current Financial Assistance Status - As of the announcement date, the company has provided a total of RMB 43.45 million in financial assistance to its subsidiaries, which constitutes 2.27% of the company's latest audited net assets, with no overdue amounts reported [8].