Shanghai Ganglian adjusts inter-company loan agreements, boosts capital efficiency

Shanghai Ganglian E-Commerce Holdings (SZSE:300226) has adjusted its inter-company borrowing agreements. The maximum outstanding balance for inter-company loans between the company and its subsidiaries is now set at not more than 600 million yuan, up from 500 million yuan, with an annual interest rate of 3.0%, down from 3.5%. This decision, approved on December 1, 2025, aims to enhance capital utilization and support business development across its subsidiaries.

Additionally, Ganglian E-commerce, a New Third Board listed company, will only lend to other entities but will not receive loans from them. The board approved Ganglian E-commerce’s request for loans of up to 20 million yuan from Shanghai Longzhi Equity Investment Fund Partnership and up to 5 million yuan from Shanghai Zhijin Trading Co., Ltd., both at a 3.0% annual interest rate. These adjustments are valid for one year from the Third Extraordinary General Meeting of Shareholders, allowing for revolving use within approved limits.

The company also announced its Third Extraordinary General Meeting of Shareholders, scheduled for December 17, 2025, to vote on these and other proposals, including the election of new independent directors. As of the year-start to the announcement date, total loans provided by the company and its subsidiaries to Ganglian E-commerce amounted to 390 million yuan, representing 19.63% of the company's audited net assets.