Zhejiang Orient financial holdings secures loan, invests in healthcare fund

Zhejiang Orient Financial Holdings Group Co., Ltd. (Zhejiang Orient) announced a CNY 1.3 billion loan facility from its controlling shareholder, Zhejiang Provincial International Trade Group Co., Ltd., to Zhejiang Guojin Financial Leasing Co., Ltd. This facility, valid until July 20, 2026, will support daily operations and debt refinancing. This related party transaction awaits shareholder approval.

Additionally, Zhejiang Orient’s wholly-owned subsidiary, Zhejiang Orient Group Industrial Finance and Investment Co., Ltd. (Orient Industrial Finance), will act as a fund manager for the "Orient Zhejiang Medicine Zhongying Binjiang Medical Healthcare Fund," a private equity fund with a target size of CNY 500 million. Orient Industrial Finance’s subsidiary will commit CNY 119.2 million as a limited partner. Orient Industrial Finance will also contribute CNY 8 million to a joint venture with Zhejiang Green Capital Equity Investment Co., Ltd. to form the fund’s general partner, committing CNY 10 million.

The fund will focus on biopharmaceuticals, medical devices, and consumables, targeting B-round and early-stage companies.