Taihe Technology plans to entrust a loan of 120 million to Zhonghui City at an annual interest rate of 5%.

date
26/09/2025
On September 26, 2025, Taihe Technology's 4th Board of Directors' 15th meeting reviewed and approved the proposal to provide entrusted loans to external parties. The company plans to entrust China Bank Zaozhuang Branch to provide 120 million yuan of entrusted loans to Zhonghui City using its own funds, with a term of 12 months, an annual interest rate of 5%, for the purpose of purchasing raw materials. Caihui Holdings provide joint liability guarantee, with Zhonghui City and Caihui Holdings mortgaging some real estate and land use rights as collateral. Zhonghui City is 100% owned by Zaozhuang City Finance and Investment Holdings Group, with a credit rating of AA+, and a revenue of 1.266 billion yuan and a net profit of 81.449 million yuan in 2024. Taihe Technology aims to improve capital efficiency through this action, although there are various risks, the risks are controllable. The company provided the same amount of loan to Zhonghui City in 2024, and the other party has repaid the principal and interest in advance. After this funding, the total balance of financial support accounts for 4.96% of the latest audited net assets.