JH Educational Tech Announces Major Loan Deal

JH Educational Technology INC. (HK:1935) has released an update.

JH Educational Technology INC. has announced a connected transaction where its affiliate, JH Holdings Group, will provide a two-year loan of RMB55 million to executive Director and major shareholder Mr. Chen Yuguo at an annual interest rate of 3.1%. The deal, which is subject to reporting and announcement requirements, is considered a connected transaction under the Listing Rules due to Mr. Chen’s significant involvement in the company.

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