SHANGHAI IND H(00363) plans to grant loans to its affiliated joint ventures.

SHANGHAI IND H(00363) has announced that on September 25, 2024, SIHL Finance (a wholly-owned subsidiary) and a joint venture (a joint venture owned 50% by SIHL Infrastructure (a wholly-owned subsidiary) and Shanghai Overseas (BVI)) have entered into loan agreement four. Under this agreement, SIHL Finance agrees to lend and the joint venture agrees to borrow up to HKD 450 million or its equivalent in RMB with a repayment date of September 29, 2025. On the same day, SIHL Finance and the joint venture also entered into loan agreement five. Under this agreement, SIHL Finance agrees to lend and the joint venture agrees to borrow up to RMB 300 million with a repayment date of September 18, 2025.