Gelonghui, March 7, 丨 Hengxin Technology (01085.HK) announced that on March 7, 2024, the lender Xinkexin (Suzhou) Technology Co., Ltd. (an indirect wholly-owned subsidiary of the company) entered into a first loan (rollover) agreement and a second loan (rollover) agreement (as the borrower). Based on this, the lender agreed to separately (i) extend the first loan repayment date from April 27, 2024 to April 27, 2025; and (ii) extend the second loan repayment date from July 18, 2024 to July 18, 2025 day.
Since Nanjing Zhuangyu is still in the development stage, the loan extension will allow Nanjing to reserve its working capital and financial resources to develop and operate its integrated circuits, digital products, computer hardware, computer technology applications and software development, design and sales business. The loan extension will ensure that Nanjing Zhuangyu can operate smoothly by reserving its working capital and financial resources and supporting the Group's continued diversified development strategy, which will benefit the long-term development of the Group.