What you want to ask is that the financing ratio of domestic M&A loans does not exceed the transaction consideration? Fifty percent.

According to official legal inquiry, the financing ratio of domestic M&A loans does not exceed 50% of the transaction consideration.

M&A refers to two or more independent enterprises, which merge into one enterprise, usually a dominant company merges one or more companies. The connotation of M&A is very extensive, generally referring to mergers and acquisitions.