Securities code: 002805 securities abbreviation: Shandong Fengyuan Chemical Co.Ltd(002805) Announcement No.: 2022-022 Shandong Fengyuan Chemical Co.Ltd(002805)
Announcement on increasing the application for comprehensive credit line from the bank
The company and all directors guarantee that the contents of this announcement are true, accurate and complete without false records, misleading statements or major omissions.
Shandong Fengyuan Chemical Co.Ltd(002805) (hereinafter referred to as "the company") held the 2020 annual general meeting of shareholders on May 11, 2021, deliberated and passed the proposal on the application of the company and its wholly-owned subsidiaries to the bank for comprehensive credit financing in 2021, and agreed that the company and its wholly-owned subsidiaries applied to the Bank for comprehensive credit business with a total amount of no more than 500 million yuan in 2021. See the announcement (Announcement No.: 2021-034) disclosed by the company in the designated information disclosure media securities times, China Securities Journal, Shanghai Securities News and cninfo.com for details.
In order to meet the operation and development needs of the company and its subsidiaries within the scope of the company's consolidated statements, the company held the 14th meeting of the Fifth Board of directors on February 21, 2022, deliberated and adopted the proposal on increasing the application for comprehensive credit line from the bank, It is agreed that the company and its subsidiaries within the scope of the company's consolidated statements intend to apply for a new comprehensive credit line of no more than RMB 1 billion from the bank for processing, including but not limited to project construction loans, working capital loans, bank acceptance bills, discount of commercial acceptance bills, letters of credit, capital and foreign exchange management business, trade financing, etc. The financing period shall be subject to the actually signed contract. The above credit line is not equal to the actual financing amount of the company. The actual credit line is finally subject to the credit line finally approved by the bank, and the specific financing amount will be determined according to the actual needs of the company's working capital. In order to improve the decision-making efficiency of the company, the board of directors of the company requests the general meeting of shareholders to authorize the chairman or the management of the company to approve the relevant matters of loans within the credit line, and sign relevant legal documents (including but not limited to applications, contracts, agreements and other documents related to credit, loan and financing). The validity of the resolution on applying for comprehensive credit line is from the date of deliberation and approval of the third extraordinary general meeting of shareholders in 2022 to the date of holding the annual general meeting of shareholders in 2021. During the credit period, the credit line can be recycled and can be adjusted between the company and its wholly-owned subsidiaries and holding subsidiaries within the scope of the company's consolidated statements. The company can transfer the credit line granted by the bank to wholly-owned subsidiaries and holding subsidiaries.
This matter needs to be examined and approved by the general meeting of shareholders of the company.
It is hereby announced.
Shandong Fengyuan Chemical Co.Ltd(002805) board of directors
February 23, 2022
