CPT Technology Group secures 200m yuan loan from parent

CPT Technology Group has finalized a borrowing agreement with its controlling shareholder, Fujian Electronics & Information Group, for a short-term loan totaling 200,000,000 yuan. The loan, which has a maximum term of one month, incurs a capital occupation fee at an annual rate of 5.23%.

As of the announcement date, CPT Technology Group has already received 106,900,000 yuan of the funds. This latest draw brings the company's total outstanding borrowing from Fujian Electronics & Information Group to 176,900,000 yuan. The borrowing is part of a larger, previously approved short-term capital borrowing facility of up to 1,500,000,000 yuan, available on a revolving basis for the 2025 fiscal year.

The loan terms specify that capital occupation fees are calculated from the actual draw-down date. The company will be exempt from these fees if the full amount is repaid within seven working days of the draw-down. Penalties for overdue payments or misuse of funds range from an additional 50% to 100% on top of the agreed capital occupation rate.