Qilu Expressway (01576) intends to provide a loan of up to 50 million yuan to Qilu Energy Technology.

date
22:17 18/12/2025
avatar
GMT Eight
Qilu Expressway (01576) announced that on December 18, 2025, the company (as the lender) signed a loan agreement with Qilu Energy Technology (as the borrower), providing a loan of up to RMB 50 million to Qilu Energy Technology with a loan term of one year. On the same day, the company also signed a guarantee contract with Zhengchen Technology regarding this loan. Zhengchen Technology, as the guarantor, will provide joint liability guarantee for this loan.
Qilu Expressway (01576) announced that on December 18, 2025, the company (as the lender) signed a loan contract with Qilu Energy Technology (as the borrower), providing a loan of no more than RMB 50 million to Qilu Energy Technology, with a loan term of one year. On the same day, the company also signed a guarantee contract with Zhengchen Technology for this loan. Zhengchen Technology, as the guarantor, will provide joint and several liability guarantee for this loan. The company considers that this loan can (i) ensure the continuity and stability of Qilu Energy Technology's operations. After the loan is in place, it can ensure the normal operation of Qilu Energy Technology and the smooth progress of its existing orders, avoiding production stagnation due to lack of funds; and (ii) protect the long-term interests of the company's shareholders. The funds from this loan will mainly be used to pay off Qilu Energy Technology's suppliers and lease premises, which will help Qilu Energy Technology obtain project income and enhance operational stability. Therefore, the company will provide the corresponding loan based on the actual needs of Qilu Energy Technology.