Sichuan Road & Bridge subsidiary finalizes loan for infrastructure project

Sichuan Road & Bridge Construction Group Co., Ltd. announced that its wholly-owned subsidiary, Sichuan Road & Bridge Construction Group Co., Ltd., has finalized a loan agreement to provide financial assistance to its controlled subsidiary, Meishan Tianhuan Infrastructure Project Development Co., Ltd. This follows approvals from Sichuan Road & Bridge's board of directors and shareholders in March 2025.

The loan amount is RMB 2,943万元, with a three-year term at a fixed annual interest rate of 2.8%. Interest will be calculated from the actual disbursement date, and both principal and interest are due upon maturity. Meishan Tianhuan Company has committed to using future project proceeds, after fulfilling bank loan obligations, to prioritize repayment of this shareholder loan.

In cases of delayed repayment, escalating penalties apply: 5% additional overdue interest for delays up to three months, 10% for three to six months, 15% for six to twelve months, and 30% for delays exceeding twelve months, all added to the agreed interest rate. The agreement adheres to the People's Republic of China Civil Code and is within previously approved financial assistance limits.