EBJB(SH:600622) Zheng Quan Zhi Xing·2025-08-29 11:44Core Viewpoint - The company is set to receive financial assistance of up to RMB 990 million from its indirect controlling shareholder, China Everbright Holdings, through its wholly-owned subsidiary, Everbright Holdings (Jiangsu) Investment Co., Ltd., to meet its operational funding needs and improve financing efficiency [1][3][4]. Summary by Sections Financial Assistance Details - The financial assistance will be provided in tranches within 12 months after the first disbursement, with each loan having a term of 12 months and an annual interest rate of 6.5% [1][3][4]. - The company will provide collateral for the financial assistance, including 973,300,000 priority partnership shares in Shanghai Guangye Investment Center and receivables from various loans totaling RMB 4.4 billion and RMB 4.1 billion [1][4][6]. Related Party Transactions - This transaction constitutes a related party transaction as Shanghai An Gui, the lending entity, is a subsidiary of the company's indirect controlling shareholder [4][5]. - The company has previously engaged in related transactions, including a RMB 930 million financial assistance extension approved at the 2024 fifth extraordinary general meeting [2][5]. Approval Process - The board of directors approved the financial assistance and related transaction with a unanimous vote, with related directors abstaining from the vote [4][9]. - The independent directors have also expressed their agreement, stating that the transaction complies with relevant regulations and will not adversely affect the company's financial status or shareholder interests [9][10]. Purpose and Impact - The primary purpose of the financial assistance is to support the company's daily operational funding needs and enhance its financing efficiency, reflecting the confidence of the indirect controlling shareholder in the company's business development [8][10]. - The transaction is expected to have no negative impact on the company's normal operations or independence, nor will it significantly affect its financial condition or operating results [8][10].