Zhitong Financial App News, Haohua Energy (601101.SH) issued a notice that the company's board of directors examined and passed a motion on providing loans to Hongdunzi Coal Industry, a subsidiary of the company, and agreed that the company should provide Hongdunzi Coal Industry with a total loan of no more than 800 million yuan with a term of 3 years and an interest rate of 5.40%. Used to support infrastructure investment in Hongdunzi coal industry project. Hongdunzi Coal Industry handed over its mining license to Haohua Energy for safekeeping and signed a mining right mortgage contract. Haohua Energy will make loans according to the schedule of the project. After Hongdunzi Coal Industry has external financing capacity or obtained operating cash flow, priority shall be given to the repayment of the loan and the corresponding interest.
At the same time, the board of directors agreed that Cathay Pacific Chemical, a subsidiary of the company, should invest in the construction of distributed photovoltaic power generation (2.3MW) project, with a total investment of less than 12.0202 million yuan.