TOYA S.A. (hereinafter referred to as "Issuer"), announces that on 29 January 2025 it became aware of the decision of YATO TOOLS (Jiaxing) Co., Ltd. (hereinafter referred to as "Subsidiary") to apply for a working capital loan to the Bank of Ningbo Co.,Ltd, Jiaxing Branch, located in the People's Republic of China.
The loan amount will not exceed CNY 100,000,000.00 (in words: one hundred million Chinese yuan). The amount shall be used for the day-to-day operations of the Subsidiary. The loan period will be no longer than 5 years. Other terms and conditions of the loan agreement do not deviate from those commonly applied to this type of agreements.
The Issuer shall announce the conclusion of the loan agreement in a separate report.
Legal basis: Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ EU L of 2014, No. 173, page 1, as amended).
Grzegorz Pinkosz
President of the Management Board