Power Source: The 662 million yuan loan passively formed a related-party transaction after the change of control.

date
06/08/2026
The announcement from Power Source states that the transfer of 55,154,663 shares from the original controlling shareholder He Zhenya to Hongmian Kechuang has been completed, changing the company's controlling shareholder to Hongmian Kechuang, with Chen Zhimao as the actual controller. Previously, the company borrowed 662 million yuan from Chen Zhenping at an annual interest rate of 5.8%. Since Chen Zhenping and Chen Zhimao are friends and business partners, this transfer has resulted in a passive related party transaction regarding the loan. This transaction does not constitute a significant asset restructuring, has been approved by the board of directors, and is still subject to shareholder meeting approval.
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