Lvji Technology (01745.HK) Enters Loan Agreement at Fixed Annual Interest Rate of 3.2% for Working Capital
NewTimeSpace News: Lvji Technology Holdings Inc. (01745.HK) announced on July 15 in a voluntary announcement that the Company's wholly-owned subsidiary Guangzhou Lvji International Travel Agency Co., Ltd. (Lvji International Travel) has entered into a corporate loan contract (Loan Contract) with Guangzhou Rural Commercial Bank Co., Ltd. Huangpu Branch (Rural Commercial Bank).
The main terms of the Loan Contract are as follows: the parties are Rural Commercial Bank (as lender) and Lvji International Travel (as borrower); the loan amount is RMB10,000,000; the loan term is 12 months from July 10, 2026 to July 10, 2027, with the specific loan term subject to the actual disbursement date and maturity date stated in the loan receipt; the funds are to be used for working capital, and Lvji International Travel shall not change the loan purpose without the written consent of Rural Commercial Bank; the loan interest rate is a fixed annual rate of 3.2%, determined based on the one-year Loan Prime Rate (LPR) on the working day immediately preceding the first disbursement date under the contract plus 20 basis points, with the interest rate remaining unchanged during the loan term; if the interest rate stated in the loan receipt is inconsistent with that stated in the Loan Contract, the loan receipt shall prevail; the guarantee method for the loan under the Loan Contract is mortgage and guarantee, with relevant guarantee contracts to be signed separately.
The Board considers that entering into the Loan Contract is beneficial to the Group as it provides additional funds for the Group's daily business operations. The Board considers that the terms of the Loan Contract were determined through fair negotiation between the parties, are fair and reasonable, and are in the interests of the Company and its shareholders as a whole.
To the best of the Directors' knowledge, information and belief after having made all reasonable enquiries, Rural Commercial Bank and its ultimate beneficial owner are independent third parties of the Company and its connected persons. Pursuant to Chapters 14 and 14A of the Listing Rules, the entering into of the Loan Contract does not itself constitute any notifiable transaction and/or connected transaction.
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