CCCG Real Estate Corporation announcement states that the company has recently borrowed 400 million yuan from controlling shareholder, CCCG Real Estate Group Co., Ltd. The loan has a term of 1 month and an annual interest rate of 7%. Prior to this loan, the company had already used a borrowing limit of 0 yuan from the real estate group. After the loan, the usage limit increased to 4 billion yuan. The loan amount and interest rate do not exceed the amount approved by the shareholders' meeting and thus do not require approval from the board of directors or shareholders' meeting. This loan is beneficial for safeguarding the company's capital needs in its business operations, ensuring the sustainable and healthy development of the company's real estate business operations.
中交地产：向关联方借款4亿元 年利率7%
CCCG Real Estate Corporation: Borrowed 400 million yuan from related parties with an annual interest rate of 7%.
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