OCT A announced that a 1.061 billion yuan shareholder loan provided by its wholly-owned subsidiary Wuhan OCT to its investee company Wuhan Shoumao City Real Estate Co., Ltd. matured on July 11, 2026 and has not been recovered. The loan was interest-free before maturity and will accrue interest at an annualized rate of 6% after maturity. Shoumao City's audited net profit for 2025 was negative 233 million yuan. The company will pursue recovery through legal means and will not provide additional financial support before the funds are recovered. The overdue amount accounts for 2.74% of the company's latest audited net assets and is not expected to have a material impact on production and operations.
Shenzhen Overseas Chinese Town Co LtdA 1.061 billion yuan shareholder loan to investee Shoumao City is overdue, representing 2.74% of net assets, with legal recovery pursued.
The company has a 1.061 billion yuan overdue loan from OCT A, with negative net profit of 233 million yuan in 2025.