CHANJET (01588) Provides RMB 70 Million Loan to Yonyou

Stock News12-04

CHANJET (01588) announced that the company (as the lender) entered into a loan agreement with Yonyou Network Technology Co., Ltd. (as the borrower) on December 4, 2025. Under the agreement, CHANJET has agreed to provide Yonyou with a loan of RMB 70 million, with a term of one year from December 4, 2025, to December 3, 2026.

After considering the company's available cash and bank deposits, Yonyou's background (including its financial capacity and repayment ability), the loan term, and the potential for higher interest income compared to bank deposits, the board of directors (including independent non-executive directors) deemed the loan agreement and the proposed transactions fair and reasonable. Although the agreement was not part of the group's ordinary business operations, its terms—including the principal amount, annual interest rate, and loan duration—were negotiated fairly and based on general commercial terms, aligning with the interests of CHANJET and its shareholders.

Under the agreement, CHANJET retains the right to inspect and supervise the use of the loan, as well as review Yonyou's plans, execution strategies, operations, financial activities, and inventory status. Yonyou is obligated to provide complete and accurate information. If Yonyou breaches the agreement, CHANJET may demand early repayment, requiring Yonyou to settle both principal and interest.

CHANJET believes these measures will help assess and monitor Yonyou's financial and credit conditions, enabling better control of credit risks and safeguarding the company's interests.

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