
SJEF signs a cooperation agreement with a state-owned institution

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SJEF has signed cooperation agreements with multiple institutions to address liquidity difficulties. The agreements were reached with the support of the Suzhou municipal government, establishing a special purpose vehicle (SPV) to provide relief support, stabilize company operations, and mitigate debt risks. The newly established limited partnership will commit a total capital contribution of RMB 301 million, with the initial relief funds not exceeding RMB 135 million, to be disbursed in two phases
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