CIPRUN TECH (01020.HK): Unit Lends HKD 30 Million at 24% Secured by 51.64% of Borrower's Shares

NewTimeSpace News: On 12 November 2026 (after trading hours), CIPRUN Technology Holdings Company Limited (stock code: 01020) announced that its subsidiary Aon Credit Limited, as lender, entered into a loan agreement with the borrower to advance a principal of HKD 30,000,000; as the highest applicable percentage ratio exceeds 5% but is below 25%, the loan is a discloseable transaction subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules.

The announcement disclosed that the loan bears interest at 24% per annum and is repayable six months after the drawdown date, and is secured by a share charge over 493,872,014 ordinary shares of the borrower, equal to about 51.64% of its total issued shares.

The Company stated that the borrower is China Oil and Gas Limited, a Bermuda-incorporated company listed on the Stock Exchange (stock code: 632) principally engaged in investment holding, whose subsidiaries sell oil and gas and trade oil, petroleum-related and other products, and is an independent third party to the best of the directors' knowledge. The lender is a licensed money lender in Hong Kong, the loan was made in the ordinary course of the Group's business and will generate interest income, and the terms were negotiated on an arm's length basis and are considered fair and reasonable.