SJEF signs a cooperation agreement with a state-owned institution
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
According to the Zhitong Finance APP, SJEF (301030.SZ) announced that in order to effectively address the company's temporary liquidity difficulties and ensure its ongoing operational capability, with the guidance and support of the People's Government of Xiangcheng District, Suzhou City, the company ("Party B") plans to recently sign a "Cooperation Agreement" numbered【SZAMC-TH-31202507262-HZ】with Suzhou Xingtai Industrial Development Co., Ltd. (hereinafter referred to as "Party A1"), Suzhou Yangcheng Lake Digital Cultural and Creative Park Investment Co., Ltd. (hereinafter referred to as "Party A2"), Suzhou Surun Enterprise Consulting Management Co., Ltd. (hereinafter referred to as "Party A3") (collectively referred to as "Party A"), Ye Xiaohong (Party C), Zhu Ye (Party D1), and Dong Shihong (Party D2).
The purpose of this agreement is to provide relief support to the company through the establishment of a Special Purpose Vehicle (SPV) by Party A, in order to stabilize the company's operations and mitigate debt risks.
The newly established limited partnership by Party A is named【Suzhou Runjing Enterprise Management Partnership (Limited Partnership)】(SPV) and will serve as the implementation entity for the relief efforts. The total subscribed capital of the SPV is RMB 301 million, with Party A1 and Party A2 each subscribing RMB 150 million as limited partners, and Party A3 subscribing RMB 1 million as a general partner. The initial paid-in capital will not exceed 45% of the subscribed capital, and the total amount for relief investment will not exceed RMB 300 million. The relief will be carried out in two phases, with the first phase of relief funds not exceeding RMB 135 million
