Taihe Technologies plans to provide a entrusted loan of 120 million to Zhonghui City, with an annual interest rate of 5%

Zhitong
2025.09.26 07:49

On September 26, 2025, Taihe Technologies' 15th meeting of the 4th Board of Directors reviewed and approved the proposal for external entrusted loans. The company plans to entrust the Bank of China Zaozhuang Branch to provide a entrusted loan of 120 million yuan to Zhonghui City with its own funds, for a term of 12 months at an annual interest rate of 5%, to be used for purchasing raw materials. Caihui Holdings provides joint liability guarantees, and Zhonghui City and Caihui Holdings use part of their real estate and land use rights as collateral. Zhonghui City is 100% owned by Zaozhuang Financial Holdings Group, with a credit rating of AA+, projected revenue of 1.266 billion yuan in 2024, and a net profit of 81.4489 million yuan. Taihe Technologies' move aims to enhance capital efficiency; although there are various risks, they are controllable. In 2024, the company provided the same amount of loan to Zhonghui City, which has already repaid the principal and interest in advance. After this funding, the total balance of financial assistance accounts for 4.96% of the most recent audited net assets