Beijing Airport High-Tech Park extends subsidiary loan, guarantees credit line

Beijing Airport High-Tech Park announced that its subsidiary, Tianyuan Construction, has applied for a one-year extension on a previously approved loan from controlling shareholder Beijing Airport Economic Development Co., Ltd. The loan, originally RMB 100m, now has an outstanding balance of RMB 4,056.00 and is due on January 7, 2026. The extended amount is RMB 4,056.00, with an interest rate not exceeding 4.50%. This is considered a related party transaction.

Additionally, Beijing Airport High-Tech Park will provide a guarantee of RMB 1,000.00 for its wholly-owned subsidiary, Beijing Airport Tiandi Property Management Co., Ltd., to secure a comprehensive credit line from the Bank of China. The guarantee period is three years from the maturity date of the main contract debt. As of the announcement date, the company's total external guarantees, including this one, amount to RMB 8,000.00, representing 8.07% of its latest audited net assets attributable to the parent company.

Within the last 12 months, the company and its controlled entities engaged in 46 related transactions with Airport Development and its controlled enterprises, totaling RMB 64,468.39 (including guarantees from related parties). The company’s audit committee, independent directors, and the board of directors approved the loan extension and guarantee.