FilingReader Intelligence

Airport Share extends financial aid to subsidiary, bolstering operations

December 12, 2025 at 05:14 AM UTCBy FilingReader AI

Beijing Airport High-Tech Park Co., Ltd. (Airport Share) announced the extension of financial assistance to its controlled subsidiary, Beijing Tianyuan Architectural Engineering Co., Ltd. (Tianyuan Architecture), to support its business development and operational needs. The extension, totaling CNY 10,000 million, will be provided as an interest-bearing loan for one year at an annual interest rate of 4.35%. This decision was approved by the company's eighth board of directors and the 2025 sixth extraordinary general meeting of shareholders on December 11, 2025.

The total outstanding financial assistance provided by Airport Share, including this extension, will reach CNY 54,823.02 million, representing 55.29% of the company's latest audited net assets attributable to the parent company. Related party transactions with Beijing Airport Economic Development Co., Ltd. (Airport Development), the controlling shareholder, were noted, with Airport Development abstaining from voting on relevant proposals.

The extension is deemed risk-controllable, as Airport Share holds an 80% equity stake in Tianyuan Architecture, enabling comprehensive control over its operations and finances. This move is not expected to significantly impact the company's normal operations or harm the interests of shareholders.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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