[Dayang-KY] Announcement Regarding Additional Funding for Subsidiary Wuhan Dayang Crystal Commercial Development Co., Ltd.
Dayang-KY has announced an additional loan of 23,144,000 yuan to its subsidiary, Wuhan Dayang Crystal Commercial Development, for operational purposes. The total outstanding loan balance is 76,375,000 yuan, with no collateral and a repayment term within three years.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 09:13 (1h 13m after Collected)
1. Date of Event: May 20, 115
2. Recipient of Funding:
(1) Company Name: Wuhan Dayang Crystal Commercial Development Co., Ltd.
(2) Relationship: A subsidiary in which the company holds a 100% indirect stake.
(3) Limit of Funding (in thousands): 59,024,600
(4) Previous Loan Balance (in thousands): 53,231
(5) Additional Funding Amount (in thousands): 23,144
(6) Authorized by the Board for repeated or revolving use: Yes
(7) Current Loan Balance as of Event Date (in thousands): 76,375
(8) Reason for Additional Funding: Operational requirements
3. Collateral provided:
(1) Details: None
(2) Value (in thousands): 0
4. Recent Financial Statements of the Recipient:
(1) Capital (in thousands): 231,198
(2) Accumulated Earnings/Losses (in thousands): 1,512,970
5. Interest Calculation: None
6. Repayment Terms:
(1) Conditions: None
(2) Date: Within three years
7. Total Loan Balance as of Event Date (in thousands): 12,390,322
8. Ratio of loan balance to net worth per recent financial statements: 327.62%
9. Source of Funding: Financial institutions, parent company
10. Other matters: None
2. Recipient of Funding:
(1) Company Name: Wuhan Dayang Crystal Commercial Development Co., Ltd.
(2) Relationship: A subsidiary in which the company holds a 100% indirect stake.
(3) Limit of Funding (in thousands): 59,024,600
(4) Previous Loan Balance (in thousands): 53,231
(5) Additional Funding Amount (in thousands): 23,144
(6) Authorized by the Board for repeated or revolving use: Yes
(7) Current Loan Balance as of Event Date (in thousands): 76,375
(8) Reason for Additional Funding: Operational requirements
3. Collateral provided:
(1) Details: None
(2) Value (in thousands): 0
4. Recent Financial Statements of the Recipient:
(1) Capital (in thousands): 231,198
(2) Accumulated Earnings/Losses (in thousands): 1,512,970
5. Interest Calculation: None
6. Repayment Terms:
(1) Conditions: None
(2) Date: Within three years
7. Total Loan Balance as of Event Date (in thousands): 12,390,322
8. Ratio of loan balance to net worth per recent financial statements: 327.62%
9. Source of Funding: Financial institutions, parent company
10. Other matters: None
FAQ
Why is Dayang-KY lending to its subsidiary?
To secure necessary working capital for the subsidiary's business operations.
Does this loan impact their business?
It is part of group-wide financial management to support the subsidiary's continued operations.
Are the loan terms public?
Yes, it is disclosed as unsecured with a repayment term within three years.