Core Viewpoint - The company, Glory Technology (06036), has announced the purchase of a life insurance policy for its executive director, Li Bingguang, to mitigate potential financial losses in the event of his death [1] Group 1: Insurance Policy Details - The indirect wholly-owned subsidiary, Aivete International, purchased the life insurance policy from HSBC Life, paying an initial premium of $3.5 million (approximately HKD 27.3 million) [1] - Li Bingguang is the insured party, while Aivete International acts as the policyholder and beneficiary [1] - The board believes that the policy will provide financial benefits and protection for the group in the unfortunate event of Li Bingguang's death [1] Group 2: Financial Arrangements - Upon the death of the insured, the policyholder can receive a death benefit that exceeds the premium paid after a certain period [1] - On January 5, 2026, the borrowers (Aivete International and Zhenqi International Limited) confirmed acceptance of the financing letter, which includes a revolving trade loan facility of up to HKD 215.8 million from HSBC [1] - The financing letter stipulates specific performance obligations for the controlling shareholder [1]
光丽科技(06036)附属获授最高达2.158亿港元的循环贸易贷款融资