Zhejiang Chenfeng Science and Technology Co., Ltd.SSE: 603685

(603685)"Zhejiang Chenfeng Technology Co., Ltd."Announcement on Provision of Loans to Controlled Sub-subsidiary Using Certain Raised Funds to Supplement Working Capital

· Issued by Zhejiang Chenfeng Science and Technology Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 603685 · · 4 pages · Chinese

Summary by 6ix AI

Zhejiang Chenfeng Science and Technology Co., Ltd. announced its decision to provide loans to its controlled subsidiary to supplement working capital using part of the raised funds. The company plans to allocate a specific amount from its fundraising to support the financial needs of its subsidiary, Northern Power Grid (Naiman Banner). This loan is intended to ensure the smooth operation of the subsidiary's business and is in compliance with relevant regulations. The board of directors approved this decision during a recent meeting, confirming that it aligns with the company's financial management policies.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

On 6ix: 6ix.com/news/603685zhejiang-chenfeng-technology-co-ltdannouncement-on-provision-of-loans-to-controlled-sub-subsidiary-using-certain-raised-funds-to-supplement-working-capital

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Announcement on Provision of Loans to Controlled Sub-subsidiary Using Certain Raised Funds to Supplement Working Capital

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