Zhejiang Dongri: Intends to extend the financial assistance amount of 50 million yuan to its associated company until the end of 2026.

date
25/12/2025
Zhejiang Dongri announced that the company plans to extend the financial support amount of 50 million yuan to its affiliated company Fuding Hongzhu Real Estate Co., Ltd., with the extension period from the date of approval by the shareholders' meeting until December 31, 2026, settling the fund occupancy fee at no less than the benchmark interest rate for bank loans during the same period. As of the date of the announcement disclosure, the actual balance of the financial support plan is 42.9 million yuan. The company owns 20% equity in Fuding Hongzhu, and the Executive Vice President Ye Yuyu also serves as its Vice Chairman, making this transaction a related party transaction that does not constitute a major asset restructuring. The proposal has been approved by the board of directors and still requires approval at the first extraordinary shareholders' meeting in 2026.