According to Zhitong Finance App News, China Jinmao (00817) announced that on July 10, 2026, Shanghai Hanmao, an indirect non-wholly-owned subsidiary of the Company, its sole shareholder, Dongxi An Changmao, and the shareholders of Xi'an Changmao, including the Company, Shanghai Jinmao, Jiaxing Jinmao, and Jiaxing Yaomao, agreed to provide loans to the Company, Shanghai Jinmao, Jiaxing Jinmao and Jiaxing Yao Mao according to the same terms and conditions.
The Company, Shanghai Jinmao, Jiaxing Jinmao and Jiaxing Yaomao hold 2%, 39.08%, 24.56% and 34.36% of Xi'an Changmao's shares respectively. According to the framework agreement and when agreed by all parties, the Company designated Shanghai Jinmao as the borrower. Shanghai Hanmao shall provide loans to Shanghai Jinmao, Jiaxing Jinmao and Jiaxing Yaomao according to the ratio of 41.08%: 24.56%: 34.36%, and the terms and conditions of the loan transaction shall also be the same. Each party shall separately sign a specific loan agreement in accordance with the terms and conditions set out in the framework agreement.
Shanghai Hanmao's sales situation is good and sales repayments are abundant. The directors believe that providing loans to its indirect shareholders can reduce the idle state of its cash balance, give full play to its financial advantages, rationally allocate resources, increase the utilization rate of funds, and meet the Group's development and financial needs for other development projects. The amount of loans provided by Shanghai Hanmao to Shanghai Jinmao (including the amount designated by the Company as the borrower), Jiaxing Jinmao, and Jiaxing Yaomao will be equal to the share shares held by each indirect shareholder in Xi'an Changmao, and the terms and conditions of other loan transactions are the same.