智通财经APP讯，协合新能源(00182)公布，于2025年12月3日交易时段后，协合资管(公司的全资附属公 司)及永州界牌(公司的全资附属公司)与江苏招银、泰康人寿保险及泰康养老保险就成立合伙企业订立合 伙协议。所有该等合伙人的出资承诺总额为人民币18.11亿元，其中该集团出资承诺总额为人民币5.5亿 元。合伙企业的目的为成立及营运该基金，以透过对被投资公司进行直接或间接的股权投资及╱或向其 提供股东贷款，为所有该等合伙人争取良好投资回报。 此外，该基金也可能会收购集团在中国大陆所投资的可再生能源项目，这将有力拓展集团"开发-建设- 出售-资产管理"的商业模式，增强在运项目资产调转与资金循环，提升集团内部资金的使用效率。 公告称，集团成立该基金将有力推动与大型保险资本的深度合作。集团将进一步发挥在新能源领域的深 厚经验与专业能力，提供包括投资机会和建议，以及对被投资项目的资产管理等专业服务，实现收入来 源的多元化;永州界牌为合伙企业的有限合伙人，在该基金满足对该等险资有限合伙人的资本出资及最 低资本回报分配后，有机会获取大部分的超额回报。 ...

Core Viewpoint - The company has entered into a loan agreement to provide financial support for the development of a project, which is deemed fair and reasonable by the board of directors [1] Group 1: Loan Agreement Details - The loan agreement involves a total principal amount of up to RMB 320 million, with a term of one year starting from October 11, 2025 [1] - Both shareholders, Green Property and Bangtai Yueshang, will provide equal funding support based on their shareholding proportions, with each contributing a maximum of RMB 160 million [1] - The loans provided under this agreement are unsecured [1] Group 2: Rationale and Fairness - The board of directors, including independent non-executive directors, believes that the terms of the loan agreement, including interest rates, are fair and reasonable based on the actual needs of the target company and current business practices [1] - The transaction, although not part of the company's routine business, is considered to be conducted on normal or better commercial terms, aligning with the overall interests of the company and its shareholders [1]