Zhaojin Mining Industry (HKG:1818) agreed to renew the maturity date of 1.4 billion yuan of loans granted to unit Laizhou Ruihai Mining Industry by five years and uniformly adjust the annual interest rate to 4.75% per annum.

The company had granted two loans of 600 million yuan each to Ruihai Mining in 2022, with a maturity date of Nov. 30, 2026 and Dec. 30, 2027, respectively and carrying interest rates of 3.95% and 4.24% per annum, a Thursday bourse filing showed.

Additionally, another 200 million yuan loan with a 4.75% interest rate and original maturity of Oct. 15, 2026 was provided in 2021.