LOPAL TECH (02465) Plans to Provide Up to RMB 4 Billion Loan to Subsidiary Changzhou Lithium Energy

Stock News12-08

LOPAL TECH (02465) announced that the company intends to provide a loan of up to RMB 4 billion to its subsidiary, Changzhou Lithium Energy New Energy Technology Co., Ltd. (referred to as "Changzhou Lithium Energy"). The loan term will not exceed three years, with the interest rate set at no more than 150 basis points above the one-year LPR published by the People's Bank of China on the actual disbursement date. Within the approved loan limit, Changzhou Lithium Energy may cycle the borrowing process as needed.

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