ECARX Holdings Inc. and its wholly-owned subsidiary, ECARX (Hubei) Tech Co., Ltd., have entered into a Convertible Loan Agreement with DREAMSMART TECHNOLOGY PTE. LTD. and its subsidiary, Hubei DreamSmart Group Co., Ltd. Under the agreement, ECARX (Hubei) will provide a RMB300 million loan to DreamSmart Hubei, with the right to convert the loan and accrued interest into shares of DreamSmart Singapore. The loan has a term of 36 months and bears annual interest, with provisions for conversion tied to future financing rounds or negotiated terms if no such financing occurs. The agreement includes standard closing conditions and stipulates late payment fees and acceleration rights in certain circumstances.
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. ECARDX Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-055208), on December 04, 2025, and is solely responsible for the information contained therein.