Changshan Beiming secures 1.6 bn yuan loan from controlling shareholder

Shijiazhuang Changshan Beiming Technology Co., Ltd. announced a significant development in its related-party transaction, confirming the receipt of a RMB 1.6 billion loan from its controlling shareholder, Shijiazhuang Changshan Textile Group Co., Ltd. This follows the approval by the company's board and shareholders in September and October 2025, for a total borrowing facility of up to RMB 2.1 billion. The loan carries a fixed annual interest rate of 3.42% for a term of 36 months, with interest paid quarterly and the principal due at maturity.

The loan funds are specifically earmarked for repaying the company's existing interest-bearing debts, a strategic move aimed at improving its debt structure and reducing financial costs. Notably, the company is not required to provide any collateral for this borrowing, underscoring the support from its controlling shareholder.

The company officially signed the "Loan Agreement" with Changshan Group on October 20, 2025, and subsequently received the RMB 1.6 billion transfer on the same day. This initiative aligns with the company’s objective of enhancing financing efficiency and lowering overall financing costs.