Xuerong Biotech: Supervisory board approves related party loan increase

Shanghai Xuerong Biotechnology Co., Ltd. (SZSE:300511) announced that its fifth supervisory board's sixteenth meeting was held on June 9, 2025, where a resolution was passed regarding an increase in the loan amount provided by the controlling shareholder. The board approved a proposal for Yang Yongping to increase the amount of loans provided to the company and its subsidiaries. The interest rate for these loans will not exceed the bank's prevailing loan interest rate for the same period, and the funds will be used to supplement the company's working capital. The supervisory board deemed the related party transaction fair and in the interest of the company. All three supervisors present voted in favor of the resolution.