Zhen Ding Technology Holding Limited signed a syndicated loan contract. Counterparty to the contract or commitment:China Trust Commercial Bank and other joint credit-granting bank groups; Starting and ending dates (or rescission date) of the contract or commitment: Three years from the date of first drawdown, with a 2 year of extension period; Major content (not applicable where rescinded): A joint credit contract with a total amount of USD 450 million; Effect on company finances and business: Repay the entire loan balance of the 2021 joint loan case and enrich the funds required for operating turnover. Concrete purpose/objective: Repay the entire loan balance of the 2021 joint loan case and enrich the funds required for operating turnover the funds required for operating turnover.
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