St Gaosheng (000971): The Company And Its Subsidiaries Provide Assets Mortgage And Pledge Guarantee For The Company'S Loans

St Gaosheng (000971) announced on the evening of April 18 that in order to meet the company's business turnover needs, the company applied for a loan from Shanxi Jinrong Jiusheng Trading Co., Ltd., with a loan amount of 1430 million yuan, a loan period of 12 months and a loan interest of 7% per year. The company pledged 96.9076% of the equity of Shenzhen innovation cloud sea Technology Co., Ltd; Shanghai yingyue Network Technology Co., Ltd., Shenzhen innovation Yunhai Technology Co., Ltd., and Shanghai Youchi Network Technology Co., Ltd., a subsidiary of Shanghai yingyue Network Technology Co., Ltd., are mortgaged with part of their assets to provide guarantee for the above-mentioned loans of the company.

The above matters have been deliberated and approved at the second meeting of the 10th board of directors. The board of directors of the company authorizes the chairman of the board of directors or his authorized representative to sign relevant legal documents on behalf of the company and handle the registration procedures of relevant equity pledge / asset mortgage. The company and its subsidiaries have signed the loan and mortgage and pledge contract with the transaction party, and the relevant mortgage and pledge procedures have been handled.