Xingda international extends HK$110m loan to controlling shareholder

Xingda International Holdings Limited announced on November 13, 2025, that it has provided an unsecured loan of HK$110,000,000 to its controlling shareholder, Great Trade Limited. The loan, set at an interest rate of 8% per annum for a one-year term, will be financed through the company's internal resources. Interest payments are scheduled every six months, and the borrower has the option to prepay the loan with at least five business days' notice.

The provision of this loan is considered a connected transaction under Chapter 14A of the Listing Rules, as the borrower holds approximately 64% of the company's issued share capital. It is exempt from circular and independent shareholders' approval requirements, as the highest applicable percentage ratios fall between 0.1% and 5%. The company's board, including independent non-executive directors, views the loan as being on normal commercial terms or better.

The company believes the loan offers a favorable return, surpassing interest rates offered by fixed deposits in Hong Kong and the PRC. Mr. Liu Jinlan, chairman of the board and the ultimate beneficial owner of the borrower, abstained from voting on the resolution due to his material interest. His son, Mr. Liu Xiang, and son-in-law, Mr. Hang Youming, also abstained due to familial relationships.