According to Wuyang Automatic Control's announcement, the company recently signed merger and acquisition loan agreements with China Merchants Bank Xuzhou Branch and Industrial Bank Dongguan Branch, respectively. The loan amounts were 360 million yuan and 238 million yuan respectively, for a total of 598 million yuan to pay the 51% equity transaction price of the transferee Dongguan Cosyu Liquid Cooling Technology Co., Ltd. The loan terms are all 10 years, and interest rates are all LPR minus 75 basis points. The company said that applying for a loan this time is conducive to the execution of the transaction, does not pose a major financial risk, and has no significant adverse impact on production and operation.

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