WSBE(SH:600421) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-27 00:43Core Viewpoint - Hubei Huaron Holdings Co., Ltd. plans to borrow up to 7.5 million RMB from related party Lin Mushun or his controlled enterprises for a one-year term at an interest rate not exceeding the market loan quotation rate [1][2] Summary by Sections 1. Overview of Related Transactions - The board of directors approved the borrowing proposal on September 26, 2025, allowing the company to borrow up to 7.5 million RMB from Lin Mushun or his controlled enterprises within the next twelve months [1][2] - The company currently has a total borrowing balance of 53.8 million RMB from related parties, including 43.8 million RMB from Zhongtian Holdings Group Co., Ltd. and 10 million RMB from Zhejiang Zhongtian Construction Industrialization Co., Ltd. [1] 2. Approval Procedures for Related Transactions - The transaction was reviewed and approved by the independent directors in a special meeting, and subsequently by the board of directors [2][8] - The transaction is exempt from shareholder meeting approval as it meets the criteria set by the Shanghai Stock Exchange [2] 3. Introduction of Related Parties - Lin Mushun is the actual controller of Hainan Bocheng Huineng Technology Center (Limited Partnership), which holds 25.01% of the company's shares [3][4] 4. Details of the Loan Agreement - The loan amount is set at 7.5 million RMB, intended for the company's daily operations, with the lender required to transfer the funds within three working days after the contract is signed [5][6] - The loan term is one year, with interest payable at the current market loan quotation rate of 3.0% per annum [6] 5. Purpose and Impact of the Related Transaction - The primary purpose of the loan is to meet the operational and developmental funding needs of the company, ensuring normal operations without harming the interests of shareholders, especially minority shareholders [7][8]