Sichuan Road & Bridge subsidiary finalizes loan to controlled entity

Sichuan Road & Bridge Construction Group Co., Ltd. (Sichuan Road & Bridge) announced that its wholly-owned subsidiary, Sichuan Highway & Bridge Construction Group Co., Ltd. (Road & Bridge Group), has entered into a loan agreement with its controlled subsidiary, Meishan Tianhuan Infrastructure Project Development Co., Ltd. (Meishan Tianhuan Company). This agreement, which follows approvals from the company's board and shareholders in March 2025, provides a loan of CNY 3,016万元 to Meishan Tianhuan Company.

The loan has a term of three years and carries a fixed annual interest rate of 2.80%. Interest will be calculated from the actual disbursement date, with principal and interest to be repaid in a lump sum at maturity. To safeguard repayment, Meishan Tianhuan Company will prioritize settling this shareholder loan using funds received, after fulfilling bank loan obligations.

The agreement also outlines specific penalties for overdue payments, ranging from 5% to 30% additional interest depending on the duration of the delay. This financial assistance is paralleled by a similar commitment from Meishan Tianhuan Company's other shareholder, Shu Dao Investment Group Co., Ltd.