Phoenitron unit lends RMB 3.75 million to director-controlled Hangzhou Zhongke

PUBT·04/16/2026 14:36:10

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Phoenitron unit Dongchuang entered loan agreement dated Oct. 30, 2025 to provide short-term advance of RMB 3.75 million to Hangzhou Zhongke.
Advance carries 4% annual interest, repayable Apr. 30, 2026.
Hangzhou Zhongke is 90% owned by executive director Guo Rongxiang, making transaction a connected transaction under GEM Listing Rules.
Loan is backed by Guo Rongxiang’s irrevocable personal guarantee.
Phoenitron disclosed agreement on Apr. 16, 2026, citing delayed identification of connected-transaction requirements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phoenitron Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260416-12109133), on April 16, 2026, and is solely responsible for the information contained therein.

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