XJEC(SZ:000400) Shang Hai Zheng Quan Bao·2025-10-27 23:45Core Viewpoint - The company, XJ Electric, plans to accept a entrusted loan of 122.3 million yuan from its controlling shareholder, China Electric Equipment Group, at an interest rate of 2.3% for a term of three years, which constitutes a related party transaction but does not qualify as a major asset restructuring under relevant regulations [6][11][12]. Financial Data - The third quarter financial report has not been audited [5]. - The company confirmed that there are no adjustments or restatements required for previous accounting data [3]. Shareholder Information - China Electric Equipment Group holds 386,286,454 shares, representing a 37.92% stake in XJ Electric, making it the controlling shareholder [9]. Related Party Transactions - The loan of 122.3 million yuan is intended for the implementation of scientific and technological projects across ten subsidiaries [7][17]. - The loan agreement was approved by the board of directors and independent directors, with related directors abstaining from voting [10][11][35]. Loan Details - The loan will be disbursed through China Electric Equipment's subsidiary, Zhongdian Financial Company, and can be drawn in parts, with a total amount not exceeding 122.3 million yuan [19][23]. - The loan is structured to potentially convert into equity investment when conditions allow [20][21]. Impact on Company - This transaction is expected to enhance the company's operational efficiency and overall business capabilities, promoting long-term development without harming the interests of shareholders [21].