According to CoinMeta, Kaisheng New Energy announced that the company intends to accept a loan of up to 835 million yuan provided by its controlling shareholder, Luobo Group. The loan term will not exceed 12 months, and the comprehensive financing cost will not be higher than the one-year LPR. The company does not need to provide any guarantees. This transaction constitutes a related-party deal and qualifies for exemption from review, therefore it does not require submission to the shareholders' meeting for approval. It also does not constitute a major asset reorganization. As of the date of the announcement, the company has accumulated loans of 235 million yuan from Luobo Group over the past twelve months, with a remaining loan balance of 200 million yuan.