JCT: Plans to sign a convertible bond investment agreement with client Beijing Shunzhao

On the evening of September 5th, JCT announced that the company plans to jointly sign a "Convertible Bond Investment Agreement" with Beijing Shunzhao Technology Co., Ltd., individual Tang Cheng, and Suzhou Ruilonghui Management Consulting Partnership. Beijing Shunzhao is currently one of the company's main clients. After the company and its subsidiaries receive the corresponding accounts receivable from Beijing Shunzhao, the company will provide a one-time financial assistance of 50 million yuan to Beijing Shunzhao in cash, with a loan term of two years. Before the loan term expires and if Beijing Shunzhao meets the conditions stipulated in the agreement, the company has the right to convert the entire loan amount into equity of Beijing Shunzhao at the pre-investment valuation amount agreed upon in the agreement. If the loan term expires and the company has not converted it into equity, Beijing Shunzhao shall repay the principal and interest to the company on time, with an annual interest rate of 2.75% on the loan amount