Yuntianhua aids associate, approves internal equity transfer

Yunnan Yuntianhua Co. Ltd. announced it will provide financial assistance of 80.85m yuan to its associate company, Yunnan Youtian New Energy Technology Co. Ltd. The one-year loan will bear interest at the one-year LPR rate on the actual draw-down date. This financial support aims to facilitate the construction and operations of Youtian New Energy’s 100,000 tons/year lithium iron phosphate project, with all shareholders providing loans proportionally to their equity.

The company's board of directors approved the financial assistance and an internal equity transfer. The board resolved to transfer 68.3787% equity of Tianchi Logistics Co. Ltd., previously held by its wholly-owned subsidiary Yunnan Yuntianhua United Business Co. Ltd., to the parent company at no cost. This strategic move aims to optimize resource allocation and enhance the company's logistics supply chain.

Tianchi Logistics, which reported total assets of 559.8570m yuan and net assets of 385.2602m yuan as of December 31, 2024, will become 100% owned by Yunnan Yuntianhua post-transfer. Both resolutions will be submitted for approval at an upcoming extraordinary general meeting of shareholders.