HLG Electronics announced that, to reduce financial costs, the company plans to apply for a mortgage loan of up to RMB 10.6 billion from banks, using the land, factory, and equipment corresponding to the 30K capacity of the '6th generation AMOLED display project' as collateral. This loan will not increase the total loan amount and will be used in full to replace the existing RMB and USD syndicated loan principal of the '6th generation AMOLED display project'. The related party, Bank of Shanghai Co., Ltd., will participate in the above-mentioned mortgage loan, hence this loan constitutes a related party transaction. This matter still needs to be submitted to the shareholders' meeting for approval.
和辉光电：拟向银行申请不超过106亿元的抵押贷款用于置换存量贷款
Luster Light Co., Ltd.: Intends to apply to banks for a mortgage loan of no more than 10.6 billion yuan to replace existing loans.
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