Kanghua Medical (03689.HK): Renkang Hospital has granted a loan of up to a total principal amount of 28 million yuan to Tongli Industrial.

Zhitong Finance APP News, Kanghua Medical (03689.HK) announced that on May 19, 2026, Renkang Hospital (as the lender), Tongli Industry (as the borrower) and Renkang Nursing Home entered into a loan agreement. According to this agreement, the lender has agreed to provide a loan not exceeding RMB 28 million to the borrower, with a term of two years from the date of first withdrawal. The loan will be used by the borrower to construct a new nursing home complex on the borrower's land to support the expansion of Renkang Nursing Home. The construction must be strictly in accordance with the design drawings, specifications, technical requirements and construction schedule determined by the lender and Renkang Nursing Home, and must be leased to Renkang Nursing Home after completion. The loan is guaranteed by the guarantor, Mr. Wang Junyang, the executive director, chairman and controlling shareholder of the company, for the benefit of the lender.