ST Sunshine: The wholly-owned subsidiary plans to extend a loan of 87,207.9 million RMB to 2028.

date
12/01/2026
ST Sunshine announced that in order to ensure daily operations, its wholly-owned subsidiary Beijing Xingtai plans to sign an agreement with its controlling shareholder Jing Ji Group to extend the repayment period of the 72.79 million yuan loan balance by 24 months until January 14, 2028, with an annual interest rate of 3.5%. This proposal has been approved by the board of directors and still requires approval from the shareholders' meeting. As of September 30, 2025, Jing Ji Group had operating income of 6.49 billion yuan and a net loss of 187 million yuan. From the beginning of the year to the disclosure date, the company had accumulated related party transactions with Jing Ji Group totaling approximately 2.72 billion yuan.