The
following table presents short-term and long-term borrowings as of March 31, 2024 and December 31, 2024.
SCHEDULE OF SHORT-TERM AND LONG-TERM BORROWINGS FROM COMMERCIAL BANKS OR OTHER INSTITUTIONS
| Funding Partners | |
Terms | |
Rate | |
March 31, 2024 | | |
December 31, 2024 | |
| | |
| |
| |
| RMB | | |
| RMB | |
| Short-term borrowing from related party (Note 13) | |
within 12 months | |
6% | |
| 7,000 | | |
| 1,000 | |
| Short-term borrowing from third parties | |
within 12 months | |
4%-10% | |
| 71,181 | | |
| 174,616 | |
| Short-term, borrowing amount | |
| |
| |
| 78,181 | | |
| 175,616 | |
| | |
| |
| |
| | | |
| | |
| Current portion of long-term borrowings | |
2 years, due in December 2024 | |
5% | |
| 291,950 | | |
| - | |
| 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 | |
|