Konka Group: Completes 5 billion yuan perpetual bond financing to controlling shareholder

KONKA Group announced that the company had previously decided to carry out perpetual bond financing of up to 5 billion yuan with controlling shareholder Pan Shi Run Chuang. Recently, the company officially signed the "Perpetual Bond Agreement" with Pan Shi Run Chuang, and the 5 billion yuan perpetual bond financing has been received. The perpetual bond has no fixed term, with an annualized interest rate of one-year LPR, interest paid annually, and the company has the right to defer payment of interest. The agreement has taken effect, and this financing can improve the company's capital structure and reduce its asset-liability ratio.