Relieving The Pressure Of Floating Capital, La Summer Bell Applied For 550 Million Yuan.

In November 27th, the La Natsu Bell clothing Limited by Share Ltd of Shanghai (hereinafter referred to as "La Natsu Bell") announced that the Urumqi hi tech Investment Development Group Co., Ltd. intends to provide La Natsu Bell Te with a entrusted loan of 550 million yuan through the Urumqi bank Urumqi Siping Road Science and technology sub branch. La Natsu Bell's wholly owned subsidiary La Natsu Bell clothing (Taicang) Limited intends to take part of its real estate as collateral, with its 100% stake in Taicang Jiaxing warehousing Co., Ltd. as a pledge, to provide collateral and pledge for the entrusted loan.

According to the announcement, based on the relevant agreement of the entrusted loan, the loan payment for the supply chain will be paid to Xinjiang Heng Ding Cotton Textile International Trade Co., Ltd. At the same time, La Natsu Bell will sign a commodity purchase agreement with Xinjiang Heng Ding Cotton Textile International Trade Co., Ltd. in accordance with the actual procurement requirements and relevant internal regulations and in accordance with the principles of fair market and business.

It is worth mentioning that La Natsu Bell said in the announcement that the application loan is mainly used to repay bank loans and pay for the purchase of supply chain, which helps to improve its financing ability and effectively alleviate the pressure of liquidity. In addition, La Natsu Bell provided collateral and pledge for entrusted loans, aiming at financing the long-term stock assets, providing financial support for the main business development, and further enhancing the ability to continue operation.