Hangxin Technology: The cumulative new loans exceed 20% of the net assets at the end of the previous year.

On the evening of August 13, Hangxin Technology announced that as of June 30, 2025, the company's loan balance was 1.037 billion yuan, an increase of 201 million yuan from the end of 2024, accounting for 26.68% of the audited net assets of the end of 2024, exceeding 20% of the net assets of the previous year-end. The company had a significant increase in new loans in the first half of 2025, mainly because subsidiary Tianhong Aviation Technology Co., Ltd. vigorously expanded its aviation asset management business, requiring a large amount of funds to purchase second-hand aircraft and other aviation assets.