On June 1, Xingyun Technology made an announcement stating that, in response to pressing business needs, the company intends to secure a loan of 100 million yuan from its shareholder, Song Chaoqun. This financial support is earmarked exclusively for the urgent purchase of computing power servers from overseas. The loan will span a period of two months, carrying an annualized interest rate of 6%. Both the principal amount and the accrued interest are scheduled to be repaid in a single, lump-sum payment upon the loan's maturity.
