Shang Hai Zheng Quan Bao·2025-06-27 20:59Core Viewpoint - Beijing Beichen Industrial Co., Ltd. plans to provide financial assistance to Beijing Jinyu Group, amounting to RMB 0.98 billion, based on the progress of real estate projects and overall funding arrangements [2][3]. Financial Assistance Overview - The financial assistance involves Beijing Chenyu Real Estate Development Co., Ltd., a subsidiary of the company, collecting idle surplus funds from shareholders according to their investment ratios, totaling RMB 2 billion, with RMB 1.02 billion allocated to the company and RMB 0.98 billion to Jinyu Group [3][4]. - The financial assistance has been approved by the company's board and falls within the authorized limits set at the 2024 annual shareholders' meeting, thus not requiring further shareholder approval [4][5]. Financial Assistance Details - The financial assistance is structured to enhance the efficiency of fund usage while ensuring that the normal operational funding needs of the real estate project are met [3][9]. - The company has not provided any financial assistance to Jinyu Group in the previous accounting year, indicating no overdue repayments [8]. Risk Analysis and Control Measures - The company will closely monitor Jinyu Group's operational and financial status to assess risk changes and ensure the safety of its funds [5][10]. - The financial assistance is deemed to have controllable risks, and it does not adversely affect the company's normal business operations [10][11]. Board of Directors' Opinion - The board unanimously approved the financial assistance, considering it a common practice in the real estate industry to improve fund utilization based on project progress [11]. - The financial assistance arrangement is not expected to harm the interests of the company or its shareholders, particularly minority shareholders [11]. Cumulative Financial Assistance Amount - After this financial assistance, the total amount of financial assistance provided by the company and its subsidiaries will be RMB 6.89 billion, representing 7.10% of the company's latest audited net assets [11].