Changmao Biochemical Refinances RMB 93 Million Project Loan With 10-Year Bank Loan

• Changmao Biochemical Engineering’s subsidiary Changmao Dalian signed a RMB 93 million, 10-year loan agreement on November 9, 2026.
• ICBC and Shanghai Pudong Development Bank will fund repayment of Project Loan II, with full drawdown required by October 31, 2027.
• Total interest and handling fees are set at the five-year-plus Loan Prime Rate minus 0.5% annually, resetting every 12 months.
• Repayment comprises 20 semiannual installments starting April 2027; the parent guarantees all loan liabilities throughout its term.
• Lenders may accelerate repayment if annual consolidated operating cash flow turns negative or the year-end consolidated debt-to-asset ratio exceeds 65%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Changmao Biochemical Engineering Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261109-12405324), on November 09, 2026, and is solely responsible for the information contained therein.