Jinke Property secures RMB 250m loan from related parties

Jinke Property Group has secured a RMB 250 million loan from connected parties, including Shanghai Pinqi Management Consulting Co., Ltd., Beijing Tianjiao Green Garden Real Estate Development Co., Ltd., and Bai Jie. This funding, with an interest rate not exceeding the 1-year LPR and a 36-month term, aims to enhance the company's liquidity and support new projects, fulfilling commitments made under its restructuring plan and industrial investment agreement. The loan will not require Jinke Property to provide collateral or guarantees.

The transaction, approved by the board of directors with eight votes in favor and one abstention, is deemed a related-party transaction given the lenders' links to Jinke's controlling shareholders. This loan follows the company's recently approved share repurchase cancellation, reducing its total share capital from 10,634,081,632 shares to 10,588,731,632 shares.

The independent directors affirmed that the loan facilitates Jinke Property’s operational development and market competitiveness, posing no harm to the company’s independence or stakeholder interests. This strategic financing supports the company's post-restructuring growth initiatives.