Beijing Capital Development to raise up to 3bn yuan from controlling shareholder

Beijing Capital Development Co., Ltd. will hold its fifth extraordinary general meeting of shareholders on September 26, 2025, to approve a proposal for perpetual bond financing. The company seeks to raise up to 3 billion yuan from its controlling shareholder, Beijing Capital Development Holding (Group) Co., Ltd. The financing will carry an annual interest rate based on the 5-year Loan Prime Rate (LPR) + 40 basis points, with the LPR adjusted at the beginning of each interest period, and no interest rate step-up during the bond's tenure.

Shareholders will vote on this related-party transaction via both on-site attendance at the company's Beijing office and online through the Shanghai Stock Exchange's network voting system. The online voting period will be from 9:15 to 15:00 on September 26, 2025. The controlling shareholder and its concerted parties will abstain from voting on this resolution.

The company's board has already approved the proposal, and independent directors have reviewed it. The financing aims to support the company's operational development, with the specific terms and usage to be detailed in the finalized contract.