Jenscare Scientific Co. Ltd. Class H (HK:9877) has released an update.
Jenscare Scientific Co., Ltd. has provided additional details on its Loan Agreement, which aims to increase flexibility for Hainan Yize in handling repurchase requests from former Employee Incentive Plan participants. The company has set the Annual Caps based on the loan’s principal amount and an interest rate of 3.35%, and assures repayment through various avenues including asset disposal or transfer to new employees. Furthermore, Jenscare has implemented internal control measures to ensure transactions with connected persons are on commercial terms comparable to those with independent parties.
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