Xinke Materials announced that the company plans to use 20% of the holding subsidiary Xinke Copper's shares to provide a pledge guarantee to apply for a merger and acquisition loan of no more than 210 million yuan from the Wuhu branch of the Bank of Communications. The money will be used to pay 20% of Xinke Copper's minority share transaction consideration and related taxes. This matter does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the shareholders' meeting for consideration.

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