TECHNOVATOR (01206): Subsidiary Tongfang Energy Conservation Secures Trust Loan of Up to RMB 100 Million from China Foreign Trade Trust

Stock News
2025/09/17

TECHNOVATOR (01206) announced that on September 17, 2025, the company's indirect wholly-owned subsidiary Tongfang Energy Conservation (as borrower) entered into a trust loan agreement with China Foreign Trade Trust (as lender). Under the agreement, China Foreign Trade Trust has agreed to provide Tongfang Energy Conservation with a trust loan of up to RMB 100 million, with a term extending from the drawdown date to 36 months after the drawdown date.

According to the trust loan agreement, Tongfang Energy Conservation will enter into an intellectual property pledge agreement with China Foreign Trade Trust within one year from the effective date of the trust loan agreement. Under this arrangement, certain intellectual property rights of Tongfang Energy Conservation will be pledged to China Foreign Trade Trust as security for the trust loan.

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