China Everbright Limited (stock code: 165) announced on 17 October 2025 that it has entered into supplemental agreements for the further extension of its second loan and loan facility agreements with Everbright Jiabao. The loans are provided through two wholly-owned subsidiaries of China Everbright, namely Everbright (Jiangsu) Investment Co., Ltd. (Everbright Jiangsu) and Shanghai Angui Investment Management Company Limited (Shanghai Angui).
China Everbright stated that Everbright Jiangsu agreed to extend the outstanding principal of RMB900 million under the second loan at an annual interest rate of 6.00%. The maturity date is moved from 18 October 2025 to 31 December 2026, supported by supplemental pledge arrangements involving EBA Yida and Chongqing Development. Similarly, Shanghai Angui will extend the remaining facility of RMB200 million at an annual interest rate of 6.50% from 31 December 2025 to 31 December 2026, secured by a supplemental pledge over accounts receivable from Ruishi Development (Shanghai).
The company noted that after aggregating the supplemental agreements for the second loan and the facility, the applicable percentage ratios exceed 5% but are all below 25%. As a result, these transactions constitute a discloseable transaction under the Listing Rules and remain subject to related reporting and announcement requirements. The aggregate amount of the financial assistance to Everbright Jiabao does not exceed the 8% assets ratio threshold, so these supplemental agreements are not subject to Rule 13.15 general disclosure obligations.
China Everbright emphasized that extending the maturity provides an opportunity to further increase the return on internal funds, while pledges offer enhanced security for repayment obligations. The company believes the arrangements are on normal commercial terms, negotiated at arm’s length, and are in the ordinary and usual course of business. The interest rates were determined with reference to prevailing market rates, and all material loan terms are disclosed in accordance with the Listing Rules.