K N Wellness* Announces Subsidiary's Lending of Funds Pursuant to Article 22, Paragraph 1, Item 2 of the Regulations Governing Lending and Endorsement Guarantees by Publicly Offered Companies
K N Wellness, through its subsidiary Shang Ping Resource Recycling Co., Ltd., has increased operating fund lending to its affiliated companies. New loans total 80,000 thousand yuan to Ji Wei, 70,000 thousand yuan to Da Ning, and 50,000 thousand yuan to Ji Ding. The total new lending amounts to 180,000 thousand yuan, bringing the total outstanding balance to 1,360,000 thousand yuan.
📋 Article Processing Timeline
- 📰 Published: May 5, 2026 at 09:00
- 🔍 Collected: May 6, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 6, 2026 at 08:32 (32 min after Collected)
1. Date of Occurrence: 115/05/05
2. Recipient of Funds Lending:
(1) Company Name: Shang Ping Resource Recycling Co., Ltd.
(2) Relationship with the Company Lending Funds: Affiliated Company - Ji Wei Co., Ltd.
(3) Lending Limit (Thousand Yuan): 466,234
(4) Original Remaining Balance of Lending (Thousand Yuan): 100,000
(5) Amount of New Lending (Thousand Yuan): 80,000
(6) Whether this is Fund Lending Authorized by the Board of Directors for Multiple Disbursements or Revolving Use to the Same Borrower: Yes
(7) Outstanding Lending Balance as of the Date of Occurrence (Thousand Yuan): 180,000
(8) Reason for New Lending:
Working capital turnover
(1) Company Name: Shang Ping Resource Recycling Co., Ltd.
(2) Relationship with the Company Lending Funds: Affiliated Company - Da Ning Co., Ltd.
(3) Lending Limit (Thousand Yuan): 254,402
(4) Original Remaining Balance of Lending (Thousand Yuan): 50,000
(5) Amount of New Lending (Thousand Yuan): 70,000
(6) Whether this is Fund Lending Authorized by the Board of Directors for Multiple Disbursements or Revolving Use to the Same Borrower: No
(7) Outstanding Lending Balance as of the Date of Occurrence (Thousand Yuan): 120,000
(8) Reason for New Lending:
Working capital turnover
(1) Company Name: Shang Ping Resource Recycling Co., Ltd.
(2) Relationship with the Company Lending Funds: Affiliated Company - Ji Ding Materials Co., Ltd.
(3) Lending Limit (Thousand Yuan): 64,864
(4) Original Remaining Balance of Lending (Thousand Yuan): 0
(5) Amount of New Lending (Thousand Yuan): 50,000
(6) Whether this is Fund Lending Authorized by the Board of Directors for Multiple Disbursements or Revolving Use to the Same Borrower: No
(7) Outstanding Lending Balance as of the Date of Occurrence (Thousand Yuan): 50,000
(8) Reason for New Lending:
Working capital turnover
3. Collateral Provided by the Company Receiving Funds Lending:
(1) Content:
None
(2) Value (Thousand Yuan): 0
4. Most Recent Financial Statement of the Company Receiving Funds Lending:
(1) Capital (Thousand Yuan): 920,000
(2) Accumulated Profit (Loss) Amount (Thousand Yuan): -133,766
5. Interest Rate Method:
Ji Wei Co., Ltd. - Annual interest rate 1%
Da Ning Co., Ltd. - Annual interest rate 1%
Ji Ding Materials Co., Ltd. - Annual interest rate 2.2%~2.6%
6. Repayment:
(1) Conditions:
Repayment with working capital
(2) Date:
May 4, 116
7. Outstanding Lending Balance as of the Date of Occurrence (Thousand Yuan):
1,360,000
8. Ratio of Outstanding Lending Balance to the Net Worth in the Most Recent Financial Statement of the Publicly Offered Company:
16.11
9. Source of Funds Lent by the Company:
Subsidiary itself, financial institutions, parent company
10. Other Matters to Note:
None.
2. Recipient of Funds Lending:
(1) Company Name: Shang Ping Resource Recycling Co., Ltd.
(2) Relationship with the Company Lending Funds: Affiliated Company - Ji Wei Co., Ltd.
(3) Lending Limit (Thousand Yuan): 466,234
(4) Original Remaining Balance of Lending (Thousand Yuan): 100,000
(5) Amount of New Lending (Thousand Yuan): 80,000
(6) Whether this is Fund Lending Authorized by the Board of Directors for Multiple Disbursements or Revolving Use to the Same Borrower: Yes
(7) Outstanding Lending Balance as of the Date of Occurrence (Thousand Yuan): 180,000
(8) Reason for New Lending:
Working capital turnover
(1) Company Name: Shang Ping Resource Recycling Co., Ltd.
(2) Relationship with the Company Lending Funds: Affiliated Company - Da Ning Co., Ltd.
(3) Lending Limit (Thousand Yuan): 254,402
(4) Original Remaining Balance of Lending (Thousand Yuan): 50,000
(5) Amount of New Lending (Thousand Yuan): 70,000
(6) Whether this is Fund Lending Authorized by the Board of Directors for Multiple Disbursements or Revolving Use to the Same Borrower: No
(7) Outstanding Lending Balance as of the Date of Occurrence (Thousand Yuan): 120,000
(8) Reason for New Lending:
Working capital turnover
(1) Company Name: Shang Ping Resource Recycling Co., Ltd.
(2) Relationship with the Company Lending Funds: Affiliated Company - Ji Ding Materials Co., Ltd.
(3) Lending Limit (Thousand Yuan): 64,864
(4) Original Remaining Balance of Lending (Thousand Yuan): 0
(5) Amount of New Lending (Thousand Yuan): 50,000
(6) Whether this is Fund Lending Authorized by the Board of Directors for Multiple Disbursements or Revolving Use to the Same Borrower: No
(7) Outstanding Lending Balance as of the Date of Occurrence (Thousand Yuan): 50,000
(8) Reason for New Lending:
Working capital turnover
3. Collateral Provided by the Company Receiving Funds Lending:
(1) Content:
None
(2) Value (Thousand Yuan): 0
4. Most Recent Financial Statement of the Company Receiving Funds Lending:
(1) Capital (Thousand Yuan): 920,000
(2) Accumulated Profit (Loss) Amount (Thousand Yuan): -133,766
5. Interest Rate Method:
Ji Wei Co., Ltd. - Annual interest rate 1%
Da Ning Co., Ltd. - Annual interest rate 1%
Ji Ding Materials Co., Ltd. - Annual interest rate 2.2%~2.6%
6. Repayment:
(1) Conditions:
Repayment with working capital
(2) Date:
May 4, 116
7. Outstanding Lending Balance as of the Date of Occurrence (Thousand Yuan):
1,360,000
8. Ratio of Outstanding Lending Balance to the Net Worth in the Most Recent Financial Statement of the Publicly Offered Company:
16.11
9. Source of Funds Lent by the Company:
Subsidiary itself, financial institutions, parent company
10. Other Matters to Note:
None.