Deer Island: Joint Venture Company Puleng Deer Island Overdue Loan

Zhangzidao Island announced that the company provided a loan of 14.5087 million yuan to its equity company, Puxiao Zhangzidao, in 2024, with an annual interest rate of 6.08%. However, Puxiao Zhangzidao failed to repay the principal and penalty interest on time. The loan is intended for production and operation, and Puxiao Zhangzidao is a related party of Zhangzidao Island. The company has sent a collection letter and plans to conduct a special audit to assess its ability to repay debts. This matter will not affect the normal production and operation of Zhangzidao Island, but there is uncertainty regarding the specific recovery time and outcome.