Securities code: 000670 securities abbreviation: * ST Yingfang Announcement No.: 2022-010 Yingfang Microelectronics Co., Ltd
Announcement on applying for comprehensive credit line
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Infotmic Co.Ltd(000670) (hereinafter referred to as "the company") held the 23rd Meeting of the 11th board of directors on February 14, 2022, deliberated and adopted the proposal on applying for comprehensive credit line from relevant institutions. Relevant matters are hereby announced as follows:
In order to meet the capital needs of the production, operation and business development of the company and its subsidiaries, the company and its subsidiaries intend to apply to relevant financial / financial institutions for a total comprehensive credit line of no more than RMB 2.5 billion, including but not limited to loans, bills of exchange, letter of guarantee, factoring, etc; It is proposed to carry out bill pool business with relevant financial institutions with a cumulative amount of no more than RMB 2 billion, including but not limited to bill custody and collection, bill pledge pool financing, bill discount, Bill agent query, business statistics and other comprehensive bill management services.
The above comprehensive credit line can be recycled. The credit line, credit and guarantee period of relevant financial institutions / financial institutions shall be subject to the actual approval results of relevant institutions, and the specific amount actually incurred by relevant institutions and the company shall prevail.
The above credit line shall take effect after being submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval. After the deliberation and approval of the general meeting of shareholders, the board of directors of the company authorizes the chairman to sign various legal documents within the above comprehensive credit line. The credit and authorization period shall be from the date when the proposal is deliberated and approved by the 2021 annual general meeting of shareholders to the date of the 2022 annual general meeting of shareholders.
It is hereby announced.
Board of directors
February 15, 2022
