iMotion Automotive Technology (Suzhou) Co., Ltd. Class H (HK:1274) has released an update.
iMotion Automotive Technology (Suzhou) Co., Ltd. has entered into two separate loan agreements on July 2, 2024, lending RMB 11 million and RMB 2.7 million respectively to connected individuals, with terms including a fixed interest rate and a three-year repayment period. These transactions are classified as connected transactions under the Listing Rules, with Loan Agreement A subject to reporting and announcement requirements, while Loan Agreement B is exempt due to its lower value.
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