TECHNOVATOR (01206): TechFaith Energy Efficiency receives a trust loan of up to 100 million RMB from China Foreign Trade Trust.

date
17/09/2025
avatar
GMT Eight
Tongfang Tiede (01206) announced that on September 17, 2025, its indirectly wholly-owned subsidiary Tongfang Energy...
TECHNOVATOR (01206) announced that on September 17, 2025, its indirect wholly-owned subsidiary Tongfang Energy (as the borrower) entered into a trust loan agreement with China Foreign Trade Trust (as the lender). Under this agreement, China Foreign Trade Trust agreed to provide Tongfang Energy with a trust loan not exceeding RMB 100 million, with a term of 36 months from the date of withdrawal. According to the trust loan agreement, Tongfang Energy will enter into an intellectual property pledge agreement with China Foreign Trade Trust within 1 year from the effective date of the trust loan agreement. Under this agreement, certain intellectual property assets of Tongfang Energy will be pledged to China Foreign Trade Trust as collateral for the trust loan.