---
title: "Lucky Harvest: Plans to provide a revolving loan of no more than 73.5 million yuan to its joint venture"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/272539299.md"
description: "Lucky Harvest announced that the company will provide a revolving loan of no more than 73.5 million yuan to its joint venture partner, Benteler Lucky Harvest, which has been approved by the temporary shareholders' meeting. The loan agreement has been signed, with a loan term of 1 year and an annual interest rate of 3%, with an option to extend for another year. As of the announcement date, the company and its holding subsidiaries have provided financial assistance of 30.38 million yuan, accounting for 0.72% of the audited net assets for the year 2024"
datetime: "2026-01-14T10:53:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272539299.md)
  - [en](https://longbridge.com/en/news/272539299.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272539299.md)
---

# Lucky Harvest: Plans to provide a revolving loan of no more than 73.5 million yuan to its joint venture

Lucky Harvest announced that the company previously approved a proposal to provide a revolving loan of no more than 73.5 million yuan to its joint venture partner, Benteler Lucky Harvest, which has been approved by the interim shareholders' meeting. Recently, both parties signed a "Loan Agreement," stipulating the provision of a revolving loan of no more than 73.5 million yuan for working capital, with a term of 1 year, an annual interest rate of 3%, and the option to apply for a 1-year extension. As of the announcement date, the company and its holding subsidiaries have cumulatively provided external financial assistance totaling 30.38 million yuan, accounting for 0.72% of the audited net assets for the fiscal year 2024, with no overdue amounts outstanding

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