Ann: Jinan Hi-Tech Facilitates Interim Debt Funding of $2 Million, page-10

Yes JHT is willing to loan, but its no more than a loan to be paid back with funds that JHT itself has already agreed to pay under the recent 4.1c capital raise. So unless JHT was not committed to do the 4.1c capital raise (which it clearly was and is, by having already agreed to that transaction) then this loan doesn't really reflect anything about their commitments. In fact, JHT would be mad to not make this 25% advance/deposit of its placement funds, as the alternative is that TON has no money left (having only $796,000 in cash at 31 March 2019 - refer to Appendix 5B released 29 April 2019) and would need to have immediately obtained debt funding elsewhere (which is unlikely, as it has been trying to do that without success now for over 12 months) or issue shares (which it will still need to do in any event shortly) and otherwise need to consider something like VA again, meaning JHT's recent purchase of Shandong's shares would have been a very poor investment indeed.

If this were a separate loan of additional funds for the purpose of advancing the project then it could be a more positive announcement, when in reality it is no more than an advance of funds to "keep the lights on" (aka working capital) until the JHT acquisition of 34% of the company is approved, at which time the funds are to be paid back. Or in reality, at that time JHT will only have to pay to TON $6.5m less interest accrued on this $2m deposit.