Northann subsidiary enters $24M EB-5 loan from CEO-affiliated entity at 1% interest

Northann Corp.

Loan of up to $24M from 3DFLOR OPPORTUNITY (controlled by CEO Lin Li) to subsidiary 3D PRINTING DEV.
Interest rate 1% per year, principal due at 3-year maturity.
Secured by pledge of all 49M Class A Units of 3D PRINTING DEV held by Benchwick LLC.
Proceeds to be used for expansion of 3D printing facility in Fort Lawn, South Carolina.
Loan is EB-5 program-related; Lender is raising funds via private placement.

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