On November 28, Gelonhui announced that Hainan Haiqi Transportation Group (603069.SH) will arrange a fixed asset loan of 0.14 billion yuan for a period of 5 years or more (inclusive) to pay for vehicle purchases, in order to meet the company's funding needs in 2024. The fixed asset loan interest rate will be controlled within 3.5%, and the specific loan rate will be based on the selected rate approved by the executive meeting on April 23, 2024.

In this case, the company will mortgage its own assets, including the buildings and land of Haikou East Bus Station, Haikou West Bus Station, Wenchang Bus Station, Baoting Bus Station, etc., to handle the vehicle procurement project with a 0.14 billion yuan bank loan guarantee. This will not have any adverse effects on the company's production operation or business development, and there is no situation harming the interests of the company and small shareholders.