Qin'an Corporation: apply for a 650 million yuan merger loan from the bank to acquire equity.

Qin'an shares announced that the company had previously obtained approval from the shareholders' meeting to apply for a merger and acquisition loan of up to 800 million yuan with a term not exceeding 7 years from a bank, to be used for the acquisition of 99% equity of Yegaoguang Optoelectronics, a subsidiary. On December 5, 2025, the company signed a merger and acquisition loan contract with the Chongqing branches of Minsheng Bank, China Merchants Bank, and CITIC Bank, with a total loan amount of 650 million yuan, all of which are credit loans with a term of 5 years and can be repaid early. This loan is advantageous for the implementation of the acquisition transaction and will not bring significant financial risks.