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
