DS CULTURE(SH:600892) Zheng Quan Zhi Xing·2025-07-28 16:26Core Viewpoint - The company plans to apply for a loan of up to RMB 130 million from its controlling shareholder, Tangshan Cultural Tourism Investment Group, to meet the funding needs of its operations and subsidiaries, with the loan to be used for business development and operational continuity [1][7]. Summary by Sections Basic Situation - The company intends to borrow up to RMB 130 million from Tangshan Cultural Tourism, with the loan valid for 12 months from the date of approval by the shareholders' meeting, and it can be used in single or multiple transactions [1][3]. - The interest rate for the loan will not exceed the market loan quotation rate, and no collateral is required from the company or its subsidiaries [1][3]. Review Situation - The loan proposal has been approved by the company's independent directors and the board of directors, and it will be submitted for approval at the shareholders' meeting [2][4]. Previous Loan Acceptance - The company has previously approved loans from Tangshan Cultural Tourism, including RMB 60 million in July 2024 and another RMB 60 million in November 2024, totaling RMB 120 million, which has been approved by the shareholders' meeting [2][4]. Related Party Basic Information - Tangshan Cultural Tourism Investment Group is the controlling shareholder of the company, with total assets of approximately RMB 6.1 billion and a net profit of RMB 22.2 million for the year 2024 [5][6]. Impact of Related Transactions - The loan from the controlling shareholder is considered a related party transaction but is exempt from further review and disclosure due to the favorable loan terms and lack of collateral requirements [4][7].