Group 1 - Shenzhen Holdings (00604.HK) announced a loan agreement between its indirect non-wholly owned subsidiary, Shenzhen Taiyun Tong, and its shareholders, Shenye Tairan and Shenzhen Metro Properties, with a total principal amount of RMB 12.903 billion and RMB 12.397 billion respectively [1][2] - The loan will be provided at a fixed annual interest rate of 0.05% for a term of 36 months, with the option for the lender to disburse the loan in one or multiple batches based on the borrower's funding needs [1][2] - Shenzhen Taiyun Tong is primarily engaged in the development and construction of a residential project in Shenzhen, which has generated surplus cash, allowing for effective utilization of funds through loans to shareholders [2] Group 2 - Shenye Tairan, a 75% owned subsidiary of the company, is involved in property investment and development in China, while the remaining 25% is held by independent third parties [2] - Shenzhen Taiyun Tong is an indirect non-wholly owned subsidiary held by Shenye Tairan and Shenzhen Metro Properties, with respective ownership stakes of 51% and 49%, focusing on property development in China [2]

Core Viewpoint - Shenzhen Holdings (00604) announced a loan agreement between its indirect non-wholly owned subsidiary, Shenzhen Taiyun Tong, and its shareholders, Deep Industry Tai Ran and Shenzhen Metro Property, to provide loans based on their respective shareholding ratios in Shenzhen Taiyun Tong [1] Group 1: Loan Agreement Details - The total principal amount of the loans to be provided by Shenzhen Taiyun Tong is RMB 1.29 billion and RMB 1.24 billion to Deep Industry Tai Ran and Shenzhen Metro Property, respectively [1] - The loan financing term is set for 36 months from the date of the first loan disbursement, with the option for the lender to disburse the loans in one or multiple batches based on the borrower's funding requirements [1] - The loans will be charged a fixed annual interest rate of 0.05%, which will remain unchanged throughout the loan period [1] Group 2: Purpose and Financial Strategy - Shenzhen Taiyun Tong is primarily engaged in the development and construction of a residential project located in Shenzhen, which has already been completed and has generated surplus cash [1] - The company aims to utilize its surplus cash more effectively by providing loans to its shareholders based on their respective shareholding ratios, as it does not have significant capital needs [1] - The loan agreement's interest rate was determined by referencing current market savings rates, and the terms were negotiated fairly among the parties involved [1]