JS Global Life (01691): The lender plans to provide $200 million term loan financing to JS&W Global

Zhitongcaijing · 1d ago

Zhitong Finance App News, JS Global Life (01691) announced that the Company was notified by the controlling shareholder JS&W Global Holding Limited Partnership (JS&W Global) that JS&W Global entered into a Memorandum of Understanding (MOU) with a third party (lender) independent of the Company and its related parties on October 16, 2026. According to the memorandum, the lender intends to provide term loan financing (loan) amounting to US$200 million to JS&W Global, and before providing the loan, JS&W Global will enter into a share pledge (pledge) under which the lender will pledge part of the company's shares (pledged shares) held by JS&W Global as a pledge for the loan.

As of the date of this announcement, JS&W Global directly held 1,836,844,233 shares of the Company's total issued share capital, accounting for approximately 52.87% of the Company's total issued share capital. Since a pledge pledging shares is not used to guarantee the company's debts or guarantee or other support for the company's liabilities, it does not fall within the scope of section 13.17 of the listing rules. Loans and pledges will not affect JS&W Global's position as the controlling shareholder of the Company, nor will they affect the normal operation of the Company and its subsidiaries.