A subsidiary of SIPG lent 322 million yuan to Zhejiang Haigang Group

On January 16, 2025, the 53rd meeting of the third board of directors of SIPG approved that SIPG and its subsidiary holding companies would lend no more than RMB 1.792 billion to multiple companies this year, among which Shengdong Company would lend no more than RMB 322 million to Zhejiang Haigang Group. On October 9, Shengdong Company signed the "Entrusted Loan Borrowing Contract" with Zhejiang Haigang Group, having lent RMB 322 million, with a term until October 9, 2026, and an interest rate of 2%, with the principal repaid in a lump sum at maturity. After this lending, the total balance of the company's external loans is RMB 290 million, accounting for 0.22% of the most recent audited net assets; the total balance of the company and its holding subsidiaries is RMB 2.654 billion, accounting for 1.99%, with no overdue amounts not recovered