UTIMES(SH:688638) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-25 02:21Core Viewpoint - Yuchen Intelligent (688638.SH) plans to pledge its 60% stake in Shenzhen Jiayang Battery Co., Ltd. to apply for a merger loan of 90 million yuan from China Bank [1] Group 1: Company Actions - The company announced that its second board meeting approved the proposal to pledge the stake [1] - Yuchen Intelligent acquired the 60% stake in Jiayang Battery for a total consideration of 150 million yuan in 2024 [1] - The merger loan has a term of 84 months and will be executed at a floating interest rate [1] Group 2: Financial Details - The funds from the loan will be used to pay for the aforementioned equity acquisition or to replace previously paid merger transaction amounts [1] - Jiayang Battery completed its shareholding reform and business registration changes in October 2025 [1]