Jianina (00126) provides financial support for joint ventures

Zhitong Finance App News, Jiannina (00126) announced that on September 29, 2026, the borrower Xingda Development (Hong Kong) Limited, the lender, the Company and Hongda Investment signed a financing agreement on term loan financing. The lender has agreed to provide the borrower with term loan financing with a total principal amount of up to HK$258.2.6 million, and the Company and Hongda Investment have agreed to provide guarantees to the lender on a common and individual basis; and for term loan financing, the borrower, the lender, Xiyi, Yihui, Hongda Investment and the Company have concluded a funding agreement with the Company. and HTC The investment has made several promises to lenders to complete this development project.

The Group is mainly engaged in (among others) property development and sales business. The joint venture was established by the Company and Hongda Investment to carry out this development project. The development project refers to the development of such property by the borrower and its subsidiaries. These properties are the collective term for the remainder of Section B of New Kowloon Inland Lot No. 2811, Section B, New Kowloon Inland Lot, Section 1, Section 2811 C, New Kowloon Inland Lot, Section 2811 D, New Kowloon Inner Lot, Section 2811 E, and the remainder of New Kowloon Inland Lot No. 2811 (Property Address: 300-306 Castle Peak Road, Kowloon, Hong Kong).

Banks and third party financial institutions usually require guarantees and other collateral from the borrower, its subsidiaries or their shareholders before providing loans or financing to the borrower. Term loan financing is provided to joint ventures to refinance the acquisition costs of such properties and to finance up to 75% of construction costs and professional expenses. In this regard, the Company is required to provide guarantees and undertakings from lenders to beneficiaries on common and individual criteria.