Jingtou Development Subsidiary Plans to Borrow Up to 15.656 Billion Yuan from Controlling Shareholder

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Jingtou Development disclosed a borrowing arrangement for its controlling subsidiary, which plans to apply for a loan from controlling shareholder Jingtou Company. The total amount will not exceed 15.656 billion yuan, with a term of five years and an interest rate no higher than the one-year loan prime rate.

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