Xin Da Zhou A: Major shareholder's subsidiary pledges 40.20% equity to guarantee over 300 million yuan in debt

2026-04-10 10:32:38

Xin Da Zhou A Announcement: The major shareholder Dalian Hesing Holdings’ subsidiary Shenyang Heyi has pledged its 40.20% equity stake in Nanjing Lanpu Chengtian New Materials Co., Ltd. to the company, to cover the company’s overdue debt of 223 million yuan to China Great Wall Asset Management Co., Ltd. Dalian Branch, and a guarantee for the wholly-owned subsidiary Xin Da Zhou (Zhejiang) Trading Co., Ltd.'s 80.13 million yuan debt to Huaxia Bank Ningbo Branch. The pledge period is from the effective date of the “Equity Pledge Agreement” until the debt is fully settled. This related-party transaction has been approved by the board of directors and is subject to approval by the general meeting of shareholders, with related directors abstaining from voting.

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