SZAP(SZ:000061) Shang Hai Zheng Quan Bao·2025-09-29 22:00Group 1 - The company held its 31st meeting of the 9th Board of Directors on September 29, 2025, with all 13 directors present, and the meeting was conducted in accordance with relevant laws and regulations [2][4] - The Board approved a proposal to extend a loan to its associate company, Shenzhen Xinxiang Investment Development Co., Ltd., amounting to 20 million yuan, with the company providing 8 million yuan of this amount [3][17] - The proposal requires approval from the company's second extraordinary general meeting of shareholders in 2025 [4][13] Group 2 - The company also approved the convening of the second extraordinary general meeting of shareholders in 2025, scheduled for October 15, 2025 [5][38] - The meeting will include voting on the loan extension proposal and will be conducted both in-person and via online voting [39][46] Group 3 - The financial assistance to Xinxiang Company is aimed at supporting its operations, with the loan extension set to mature on August 3, 2026, and interest calculated based on the company's bank financing costs [17][30] - The independent directors have reviewed and approved the proposal, confirming that it does not harm the interests of the company or its shareholders [33][34] Group 4 - As of December 31, 2024, Xinxiang Company had total assets of 278.61 million yuan and a debt ratio of 62.02%, with a net profit of -679,800 yuan for the year [27][28] - The company has provided a total of 356.78 million yuan in financial assistance, which accounts for 56.53% of its latest audited net assets [35]