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Yuntou Group provided financial assistance of 5 million yuan to its holding subsidiary Suining Cultural 188bet online casino games

Author of this 188bet online casino games: Gelonghui 2020-08-20

The loan period is one year, and the annual interest rate is calculated at 9.5%.

August 19，ST Yuntou(002200.SZ) Announcement，Due to the company’s holding subsidiary Suining Renli Ancient Town Cultural 188bet online casino games Development Co., Ltd. (Suining PPP Project SPV Company，Hereinafter referred to as "Suining Cultural 188bet online casino games") is short of funds，In order to ensure that the company’s holding subsidiary Suining Cultural 188bet online casino games meets the needs of fund redemption and daily operating activities，Apply based on Suining Cultural 188bet online casino games，The company provided a loan of 5 million yuan to Suining Cultural 188bet online casino games，The loan period is one year, and the annual interest rate is calculated at 9.5%.

The company charges interest from Suining Cultural 188bet online casino games，Be able to obtain interest income，Annual interest rate 9.5%，In line with the company’s financing costs and risks borne。The company provides financial assistance of 5 million yuan to Suining Cultural 188bet online casino games，To a certain extent, it can alleviate the financial pressure of Suining cultural 188bet online casino games operations，Ensure the smooth implementation of Suining PPP project，Conducive to the advancement of the company’s subsequent engineering business。Minority shareholders do not provide financial assistance and guarantees in proportion to their shares，Does not affect the interests of the company and shareholders，This financial assistance does not harm the interests of the listed company and all shareholders,Does not affect the company’s independence。

*Source of this 188bet online casino games: Gelonghui, original labelQuestion:《ST Yuntou(002200.SZ): Provided financial assistance of RMB 5 million to its holding subsidiary Suining Cultural 188bet online casino games》.

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