Donkey Trail Technology (01745) subsidiary signs corporate loan contract

Zhitongcaijing · 10/15 13:33

According to Zhitong Finance App, Donkey Trail Technology (01745) issued an announcement. Guangzhou Donkey Trail International Travel Service Co., Ltd. (Donkey Trail International), a wholly-owned subsidiary of the company, signed a corporate loan contract with Guangzhou Rural Commercial Bank Co., Ltd. Huangpu Branch (Rural Commercial Bank) to apply for credit. Credit limit: no more than RMB 20 million. Credit period: 24 months.

The Board believes that the establishment of a credit agreement is beneficial to the Group as it can provide additional funding for the day-to-day operation of the Group's business. The board of directors believes that the terms of the credit agreement are determined through fair negotiations between the contracting parties, are fair and reasonable, and conform to the overall interests of the company and its shareholders.