Horizon Robotics Grants RMB64 Million Loan to Chairman Dr. Kai Yu

Reuters12-12 19:15

<a href="https://laohu8.com/S/HRZRF">Horizon Robotics</a> Grants RMB64 Million Loan to Chairman Dr. Kai Yu

Horizon Robotics has entered into a new loan agreement with Dr. Kai Yu, the founder and executive director of the company. Under the terms of the agreement dated December 12, 2025, Horizon Robotics will provide a loan in the principal amount of RMB64,026,413.93 to Dr. Kai Yu. The loan will have a term of up to 12 months from the date of drawdown or until an event of default occurs, and will bear interest at the one-year loan prime rate published by the National Interbank. The transaction qualifies as a connected transaction under the Hong Kong Listing Rules but is exempt from certain approval and circular requirements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Horizon Robotics published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251212-11954299), on December 12, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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