According to Zhitong Finance App, Kaisheng Xinneng (01108) announced that China Luoyang Float Glass Group Co., Ltd. (hereinafter referred to as “Robo Group”), the controlling shareholder of the company, plans to provide the company with loans totaling no more than RMB 835 million, for a loan period of no more than 12 months.

The comprehensive financing cost of this loan will not be higher than the 1-year loan market quoted interest rate announced by the National Interbank Lending Center, and there is no need for the company to provide a guarantee.

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