The
following table presents short-term and long-term borrowings as of December 31, 2024 and 2025.
SCHEDULE OF SHORT-TERM AND LONG-TERM BORROWINGS FROM COMMERCIAL BANKS OR OTHER INSTITUTIONS
| Funding Partners | |
Terms | |
Rate | |
December
31, 2024 | | |
December
31, 2025 | |
| | |
| |
| |
RMB | | |
RMB | |
| Short-term
borrowing from related party (Note 12) | |
within 12 months | |
6% | |
| 1,000 | | |
| - | |
| Short-term
borrowing from third parties | |
within
12 months | |
3%-10% | |
| 174,616 | | |
| 397,161 | |
| Short-term,
borrowing amount | |
| |
| |
| 175,616 | | |
| 397,161 | |
| | |
| |
| |
| | | |
| | |
| Long-term
borrowings from third party | |
2
years, due in November 2027 | |
8% | |
| - | | |
| 10,000 | |
| Long-term
borrowings from related party | |
18
months, due in March 2026 | |
5.35%
per annum within 12 months after the drawdown date, and 8% per annum after 12 months until the loan is repaid in full | |
| 53,913 | | |
| - | |
|