TIAN CHANG GP (02182.HK): Unit Secures RMB280m Term Loan Facility Backed by Land Mortgage and Corporate Guarantee

NewTimeSpace News: On 2 October 2026, Tian Chang Group Holdings Limited (stock code: 02182) announced that on 30 September 2026 its indirect wholly-owned subsidiary Tianhao New Materials Technology (Huizhou) Co., Ltd. formally entered into a term loan facility agreement with Bank of China Limited Huizhou Branch, under which the lender agreed to provide a term loan facility of up to RMB280,000,000 at a floating interest rate to fund the construction and equipment purchase for a new production plant for advanced materials and semi-solid magnesium alloy injection moulding.

As security for Tianhao's obligations under the facility: Huizhou Tianchang Industrial Co., Ltd., an indirect wholly-owned subsidiary, entered into a maximum-amount guarantee contract to provide a corporate guarantee of up to RMB280,000,000 in favour of the lender; and Tianhao entered into a maximum-amount mortgage contract and a real property mortgage contract, mortgaging to the lender its land use right in respect of plot JD134-13-02 (with a gross floor area of 53,731 square metres) in the Xinmin Luotang area of Huizhou, Guangdong Province, for a maximum amount of RMB280,000,000. Under the facility agreement, the loan facility together with accrued interest is repayable in instalments over an eight-year term.

The facility provides long-term debt financing at favourable financing costs to support the Group's continued development, capital expenditure and operating needs for the new plant, complementing the Group's expanded manufacturing capabilities in semi-solid magnesium alloy injection moulding and enabling it to extend its product portfolio from plastic parts to lightweight metal components. Reference is made to the Company's announcement dated 12 August 2026 and circular dated 25 August 2026.

Under the Listing Rules, as both Tianhao and Huizhou Tianchang are wholly-owned subsidiaries of the Company, the provision of intra-group corporate guarantees does not constitute a discloseable transaction under Chapter 14 (pursuant to Rule 14.04(1)(e)(ii)) or a connected transaction under Chapter 14A (pursuant to Rule 14A.18(1)); the facility does not involve any pledge of shares by the controlling shareholder. Based on reasonable enquiries, the lender and its ultimate beneficial owners are independent third parties.

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