iMotion Automotive Technology (Suzhou) Co., Ltd. Class H (HK:1274) has released an update.
iMotion Automotive Technology (Suzhou) Co., Ltd. has provided additional information on the connected transactions detailed in their July 2, 2024, announcement. The company has thoroughly assessed the financial status and credit risks of the borrowers, taking into account their personal assets, remuneration, company shares held, and personal liabilities. The directors believe the risk control measures in place, including quarterly reviews of the borrowers’ repayment abilities and shareholdings, are adequate to manage the risks associated with the financial assistance provided under the Loan Agreements.
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