According to the announcement by Seazen on September 30, 2024, Seazen Holdings (601155.SH) and S-Enjoy Service (01755) have entered into a loan framework agreement, where Seazen will provide a total principal amount of 1 billion yuan from the effective date of the loan framework agreement until September 29, 2027.

On September 30, 2024, S-Enjoy Service and Seazen Holdings entered into a loan agreement, agreeing that S-Enjoy Group will provide a new loan amount of 0.12 billion yuan to Seazen Group, with a term from the actual payment date until September 29, 2027.

The real estate development industry is a capital-intensive industry, and in the current industry's overall pressure environment, sufficient funds are beneficial to meet the actual needs of our business, ensuring the realization of our long-term operational global strategy.