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Jiayin Group Secures RMB600M Loan Facility Backed by Shanghai Property to Boost Working Capital

Benzinga·11/12/2025 10:09:38
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Jiayin Group Inc. ("Jiayin" or the "Company") (NASDAQ:JFIN), a leading fintech platform in China, today announced that its indirect wholly-owned subsidiary, Shanghai Jirongzhicheng Enterprise Development Co., Ltd. ("Jirongzhicheng"), entered into a loan facility agreement with certain financial institutions (the "Lenders") on November 6, 2025, pursuant to which the Lenders agreed to provide a loan facility (the "Loan Facility") of up to RMB600 million that can be drawn down by Jirongzhicheng in multiple tranches from time to time until December 31, 2025. The Loan Facility has an interest rate per annum equal to over-five-year loan prime rate, which is currently 3.5%, and will mature on November 11, 2032.

To secure the Loan Facility, Jirongzhicheng has agreed to mortgage certain commercial property it owns to the Lenders, and its parent, Geerong Yunke Information Technology Co., Ltd. ("Geerong Yunke"), has agreed to pledge its 100% equity interest in Jirongzhicheng to the Lenders. In addition, Geerong Yunke and Shanghai Jiayin Technology Co., Ltd., a consolidated variable interest entity of the Company, have agreed to provide guarantees for the Loan Facility in favor of the Lenders. The Company plans to use the proceeds from the Loan Facility as general working capital.