China Everbright Bank Approves On-Balance-Sheet Disposal Plan for New Everbright Center Project with RMB 3.82 Billion Outstanding

Deep News12-19

On December 19, China Everbright Bank Company Limited announced an intra-group transaction disclosure, indicating its approval of the on-balance-sheet disposal plan for the New Everbright Center project.

The project, funded in June 2015 and November 2016, represents pre-asset management regulation legacy wealth management assets. The borrowers—Beijing Huaheng Xingye Real Estate Development Co., Ltd. (Huaheng Xingye) and Beijing Huaheng Ye Real Estate Development Co., Ltd. (Huaheng Ye)—utilized the financing for the construction of the New Everbright Center in Tongzhou District.

Collateral arrangements include land/property mortgages (appraised at ~RMB 7.6 billion) and equity pledges of project companies. As of the announcement date, the outstanding balance totals RMB 3.824 billion (Phase I: RMB 2.5 billion; Phase II: RMB 1.324 billion).

This on-balance-sheet transfer complies with regulatory requirements without new credit extensions or structural changes, maintaining original financing terms. Prior related-party transaction disclosures remain valid.

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