Chang Chuan Technology expands subsidiary funding, credit lines

Hangzhou Chang Chuan Technology Co., Ltd. announced a comprehensive financial strategy, including a guarantee for its wholly-owned subsidiary, Chang Chuan Technology (Neijiang) Co., Ltd., for a fixed asset loan up to RMB 600 million from Bank of China Neijiang Branch and China Exim Bank Zhejiang Provincial Branch. This guarantee, with an 84-month term, covers principal, interest, penalties, and other related costs. The decision, approved by the board on December 24, 2025, requires shareholder approval.

Additionally, the company plans to increase its overall bank credit lines for 2025, adding RMB 1.5 billion to the previously approved RMB 50 billion, bringing the total to RMB 65 billion. This expanded credit, approved by the board on December 24, 2025, aims to support the company's and its subsidiaries' operational growth and optimize capital structure.

These proposals will be put to a vote at the First Extraordinary General Meeting of 2026, scheduled for January 9, 2026. Shareholders can participate in person or via online voting systems provided by the Shenzhen Stock Exchange.