Longping Hi-Tech announced that the company plans to provide a loan of no more than 200 million yuan to the holding subsidiary Longping Agricultural Development Co., Ltd. The loan period is 3 years from the date of review and approval by the board of directors. The above amount can be used on a rolling basis within the term; the loan interest rate refers to the same loan interest rate provided by domestic financial institutions to Longping Development during the same period. The execution interest rate is 2.60% per annum.

Longping Hi-Tech announced that the company plans to provide a loan of no more than 200 million yuan to the holding subsidiary Longping Agricultural Development Co., Ltd. The loan period is 3 years from the date of review and approval by the board of directors. The above amount can be used on a rolling basis within the term; the loan interest rate refers to the same loan interest rate provided by domestic financial institutions to Longping Development during the same period. The execution interest rate is 2.60% per annum.