SRBC(SH:600039) Shang Hai Zheng Quan Bao·2025-12-22 20:00Core Viewpoint - Sichuan Road and Bridge Construction Group Co., Ltd. has announced the provision of financial assistance from its wholly-owned subsidiary to its controlling subsidiary, with a loan amount not exceeding 320.86 million yuan [2]. Group 1: Loan Details - The board of directors approved a loan of 32,086,000 yuan from Sichuan Road and Bridge's wholly-owned subsidiary, Sichuan Highway and Bridge Construction Group Co., Ltd., to its controlling subsidiary, Meishan Tianhuan Infrastructure Project Development Co., Ltd. [2] - The loan has a term of three years and an interest rate not exceeding the loan market quotation rate, with specific terms to be defined in the actual loan agreement [2]. - A loan contract has been signed between the two parties, with the loan amount set at 2,943,000 yuan and a fixed annual interest rate of 2.8% [2][3]. Group 2: Repayment and Default Terms - The repayment of the loan will prioritize the repayment of this shareholder loan after the company receives payments, excluding bank loan principal and interest [4]. - In case of default, the borrower will incur additional interest penalties based on the duration of the delay, with rates increasing from 5% to 30% depending on the length of the overdue period [4]. - The contract will be governed by the Civil Code of the People's Republic of China, and any disputes will be resolved through negotiation or litigation in the local court of Meishan Tianhuan [4]. Group 3: Contract Execution - The agreement will take effect upon signing by both parties and will automatically become void once the loan principal and interest are fully repaid [5]. - The loan amount is within the limits approved at the company's third extraordinary general meeting of shareholders [5].