Konka Group announced that the company previously decided to finance a perpetual debt of no more than 5 billion yuan to the controlling shareholder Panshi Runchuang. Recently, the company and Panshi Runchuang officially signed the “Perpetual Debt Agreement”, and 5 billion yuan of perpetual debt financing has been received. This perpetual bond has no fixed term. The annualized interest rate is a one-year LPR. Interest is paid on an annual basis, and the company has the right to defer payment of interest. The agreement is in effect, and this financing can improve the company's capital structure and reduce the balance ratio.

Konka Group announced that the company previously decided to finance a perpetual debt of no more than 5 billion yuan to the controlling shareholder Panshi Runchuang. Recently, the company and Panshi Runchuang officially signed the “Perpetual Debt Agreement”, and 5 billion yuan of perpetual debt financing has been received. This perpetual bond has no fixed term. The annualized interest rate is a one-year LPR. Interest is paid on an annual basis, and the company has the right to defer payment of interest. The agreement is in effect, and this financing can improve the company's capital structure and reduce the balance ratio.