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Great Wall Military announced that Anhui Military, the controlling shareholder of the company, plans to distribute 25 million yuan to the company's subsidiary Fangyuan Electromechanical, 5 million yuan, and 1.83 million yuan to Dongfeng Electromechanical, for a total of 31.83 million yuan. The loan period is 3 years, the interest rate is 2.1%, and when conditions are met, it is converted to equity investment. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company. There is no need to submit it to the shareholders' meeting for review, and it does not constitute a major asset restructuring.
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Great Wall Military announced that Anhui Military, the controlling shareholder of the company, plans to distribute 25 million yuan to the company's subsidiary Fangyuan Electromechanical, 5 million yuan, and 1.83 million yuan to Dongfeng Electromechanical, for a total of 31.83 million yuan. The loan period is 3 years, the interest rate is 2.1%, and when conditions are met, it is converted to equity investment. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company. There is no need to submit it to the shareholders' meeting for review, and it does not constitute a major asset restructuring.
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