Solargiga Energy Holdings Limited has voluntarily announced the signing of a new loan agreement involving its indirect wholly-owned subsidiary, Jinzhou Yangguang Energy Co., Ltd. The agreement, dated August 13, 2024, is with the Shenyang Branch of Industrial Bank Co., Ltd for a principal loan amount of RMB100,000,000 over one year. This development reflects the bank's confidence in Solargiga's business prospects and supports its growth in the photovoltaic market. The loan aims to enhance financial management, optimize financial structure, and reduce future financing costs for the group. The terms of the agreement were reached after arm's length negotiations and are deemed fair and reasonable, serving the interests of the company's shareholders.
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