Sunshine Co., Ltd. announced that Ruijia Holdings, a wholly-owned subsidiary of the company, plans to sign a loan contract with the related party Hong Kong Weibank. Hong Kong Weibank plans to provide a credit loan of no more than 29.85 million US dollars to Rega Holdings. The loan period is 24 months from the date the first loan is received, with an annual interest rate of 2.9%, unsecured and unguaranteed. Liu Dan is the controlling shareholder and actual controller of the company, and also serves as a director of Hong Kong Weixing. The transaction constituted a related transaction. It was reviewed and approved by the company's board of directors. The relevant directors have already avoided voting, and the company has applied to the Shenzhen Stock Exchange for exemption from submitting the bill to the shareholders' meeting for consideration.

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.