1. Date of occurrence: 2026/05/27 2. Recipient of the loan: (1) Company Name: Fuwei Power Co., Ltd. (2) Relationship: Same ultimate parent company (3) Lending limit (in thousands): 129,096 (4) Previous balance (in thousands): 0 (5) New loan amount (in thousands): 100,000 (6) Board authorization for revolving credit: No (7) Current balance (in thousands): 100,000 (8) Reason: Group fund allocation planning 3. Collateral: (1) Content: 3,000,000 shares of Smart Power Systems held by Fuwei Power (2) Value (in thousands): 114,265 4. Financial status of recipient: (1) Capital (in thousands): 741,621 (2) Accumulated profit/loss (in thousands): 313,693 5. Interest rate: 3% per annum (ACT/365 basis) 6. Repayment: (1) Terms: Based on operational status, repaid within the term (2) Date: Due in six months 7. Total lending balance (in thousands): 11,582,032 8. Ratio to net worth: 0.00% 9. Source of funds: Subsidiary's own funds 10. Other: None
FACT BOX
- Source: PR Times
- Category: corporate_announcement
- Dates in source: 2026/05/27