Shinva Medical's major shareholder secures loan for increased stake

Shinva Medical Instrument (SSE:600587) announced that its controlling shareholder, Shandong Health Group, has received a loan commitment letter from the Industrial and Commercial Bank of China Shandong Branch. The commitment is for a special loan of up to CNY 180 million, with a term not exceeding three years, to support Shandong Health Group's plan to increase its holdings in Shinva Medical. Shandong Health Group intends to increase its stake by between CNY 100 million and CNY 200 million over the next 12 months, beginning May 27, 2025, through the Shanghai Stock Exchange trading system. This move reflects Shandong Health Group's confidence in Shinva Medical's stable future and long-term investment value. The company has pledged to promptly disclose relevant information and fulfil its information disclosure obligations.