Summary by Moomoo AI
JS Global Life Limited (“JS Global Life”) signed a financing agreement with the bank on January 31, 2024 involving a loan of $100,000,000. The loan is originally scheduled to expire 364 days after the financing agreement is signed, but can be extended to 36 months. The funds are primarily used for the Group's general operating capital. Mr. Wang Xuining, the Company's controlling shareholder, holds approximately 57.03% of the shares directly and indirectly. The financing agreement stipulates that if Mr. Wang loses control of the company or ceases to serve as Chairman of the Board, the loan may be canceled and must be repaid immediately. The Company will continue to disclose the relevant situation in subsequent annual and interim reports in accordance with Rule 13.21 of the Listing Rules.