UKF(SZ:000514) Shang Hai Zheng Quan Bao·2025-09-16 20:18Core Viewpoint - Chongqing Yukaifang Co., Ltd. has approved a financial assistance plan to its associate company, Chongqing Langfu Real Estate Co., Ltd., amounting to no more than 14.112 million yuan for the repayment of a bank loan [1][4][6]. Financial Assistance Overview - The financial assistance will be provided based on a 49% shareholding ratio, with a total amount not exceeding 14.112 million yuan, aimed at repaying the principal and interest of a loan from China Bank [2][4][6]. - The assistance period is set for one year, starting from the date the funds are transferred to Langfu's designated bank account [2][4][6]. - The interest rate for the financial assistance will follow the latest one-year LPR published by the National Interbank Lending Center, with adjustments made annually if necessary [2][4][6]. Board Meeting and Approval - The proposal was reviewed and approved during the 45th meeting of the 10th Board of Directors held on September 16, 2025, with all seven attending directors voting in favor [1][5][6]. - The decision was also passed in a specialized meeting of independent directors prior to the board meeting [3][5]. Financial Data of the Company - As of December 31, 2024, the company reported total assets of approximately 1.232 billion yuan, total liabilities of about 375.89 million yuan, and a net profit attributable to the parent company of approximately -4.75 million yuan [7]. Langfu Company Overview - Chongqing Langfu Real Estate Co., Ltd. was established on October 28, 2009, with a registered capital of 1 billion yuan and is primarily controlled by Shanghai Fudi Investment Management Co., Ltd. [9]. - Langfu is not classified as a dishonest executor and has no existing business relationships with Yukaifang [10][8]. Financial Assistance Agreement - The financial assistance agreement stipulates that the funds are exclusively for repaying the bank loan related to the "Shan Yu Cheng 1.2" project [13]. - The total financial assistance from both shareholders amounts to 28.8 million yuan, with Yukaifang contributing 14.112 million yuan and Shanghai Fudi contributing 14.688 million yuan [14]. Risk Management and Board Opinion - The board believes that the financial assistance will support Langfu's stable operations and is manageable in terms of risk, ensuring that it does not affect the company's core business or the interests of shareholders [23][22].