Huayang Lianzhong announced that in order to repay debts and supplement working capital, the company plans to carry out perpetual debt financing with the controlling shareholder Hunan Xiangjiang New Area Development Group Co., Ltd., with a financing amount of 800 million yuan. Xiangjiang Group holds 19.81% of the company's shares. This financing has an annualized interest rate of 4%, no fixed maturity date, and the initial single life cycle is 3 years. The bill has been reviewed by the company's board of directors and is now submitted to the Extraordinary General Meeting of Shareholders on August 10, 2026 for consideration by means of a special resolution.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.