Huayang Lianzhong announced that the company plans to launch 800 million yuan of non-standardized perpetual debt financing with the controlling shareholder Hunan Xiangjiang New Area Development Group Co., Ltd., and the two parties have signed a “Perpetual Debt Investment Agreement”. The transaction constitutes a related transaction and does not constitute a major asset restructuring. Necessary internal decisions and related avoidance review procedures have been carried out at this stage, and it still needs to be passed by a special resolution of the shareholders' meeting and approval by creditors from the competent state-owned assets department. According to the agreement, perpetual claims have no fixed maturity date, an annual interest rate of 4%, and the company has the right to renew, redeem, and defer interest options. The financing was used for debt repayment, repayment, etc., and the use of funds was legal and compliant.

Huayang Lianzhong announced that the company plans to launch 800 million yuan of non-standardized perpetual debt financing with the controlling shareholder Hunan Xiangjiang New Area Development Group Co., Ltd., and the two parties have signed a “Perpetual Debt Investment Agreement”. The transaction constitutes a related transaction and does not constitute a major asset restructuring. Necessary internal decisions and related avoidance review procedures have been carried out at this stage, and it still needs to be passed by a special resolution of the shareholders' meeting and approval by creditors from the competent state-owned assets department. According to the agreement, perpetual claims have no fixed maturity date, an annual interest rate of 4%, and the company has the right to renew, redeem, and defer interest options. The financing was used for debt repayment, repayment, etc., and the use of funds was legal and compliant.