HUASHENG INTL Holdings Limited issued a supplementary announcement, providing additional information on the loan portfolio of the lending business for the year ending March 31, 2024. The company currently has 10 active loan Accounts, including 4 corporate loans and 6 personal loans, which are due within 0 to 6 months. The loan terms range from 12 to 24 months, with an annual interest rate of 12% to 18%.The announcement detailed information about the five major borrowers, including loan types, backgrounds, relationships with the company, and loan conditions. The largest borrower is a businessman with extensive experience in the Medical and Real Estate Industries, whose loan accounts for about 21% of the company's total receivable loans. The second largest borrower is a businessman experienced in the Real Estate market, accounting for...Show More

HUASHENG INTL Holdings Limited issued a supplementary announcement, providing additional information on the loan portfolio of the lending business for the year ending March 31, 2024. The company currently has 10 active loan Accounts, including 4 corporate loans and 6 personal loans, which are due within 0 to 6 months. The loan terms range from 12 to 24 months, with an annual interest rate of 12% to 18%.The announcement detailed information about the five major borrowers, including loan types, backgrounds, relationships with the company, and loan conditions. The largest borrower is a businessman with extensive experience in the Medical and Real Estate Industries, whose loan accounts for about 21% of the company's total receivable loans. The second largest borrower is a businessman experienced in the Real Estate market, accounting for about 15%.It is noteworthy that the third largest borrower is a Manufacturing and Property Holding company, whose loan has been fully settled after maturity. Part of the outstanding loans of the fourth largest borrower has been extended to June 23, 2025. The company stated that clients in the lending business are mainly acquired through referrals from senior management or existing clients, and no specific industry or revenue targets have been set for corporate borrowers.