Kangjia Group: Shareholder loans of approximately 233 million yuan to Yi Kang Technology are overdue.
KONKA Group announced that its 24.98% owned subsidiary, Yikang Technology, is mainly engaged in comprehensive water treatment business. The company has provided financial assistance to Yikang Technology based on its shareholding ratio, with approximately 233 million yuan in shareholder loans provided to date. Recently, the loan contract has expired, and due to uncertainty regarding extension and interest rate adjustment plans, as well as Yikang Technology's failure to repay the loan, it has become overdue. As of November 30, 2025, Yikang Technology had a revenue of 230.3 million yuan and a net loss of 44.66 million yuan. The company is currently in communication regarding extension plans and will proceed with the approval process. It is expected that this overdue situation will not affect the company's normal operations.
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