Compass: the controlling shareholder provides a one-year loan extension to the company.
The compass announcement stated that the controlling shareholder of the company, Guangzhou Zhanxin Communication Technology Co., Ltd., intends to extend the two loans totaling 150 million yuan provided to the company by 1 year from the expiration date, with the loan interest rate adjusted to 3.4166%. This transaction constitutes a related party transaction, which has been approved by the board of directors and still needs to be submitted to the shareholders' meeting for approval.
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