Securities code: 688396 securities abbreviation: China Resources Microelectronics Limited(688396) Announcement No.: 2022-010 China Resources Microelectronics Limited(688396)
About the company and its subsidiaries in 2022
Announcement on bank’s application for comprehensive credit line
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
In 2022, the company and its subsidiaries intend to apply to the bank for a comprehensive credit line with a total line of no more than RMB 3.8606 billion.
This credit does not involve guarantee.
This matter does not need to be submitted to the general meeting of shareholders for deliberation.
On February 22, 2022, China Resources Microelectronics Limited(688396) (hereinafter referred to as ” China Resources Microelectronics Limited(688396) ” or “the company”) held the 27th meeting of the first board of directors, deliberated and adopted the proposal on the application of the company and its subsidiaries for comprehensive credit line from banks in 2022. The relevant matters are hereby announced as follows:
1、 Overview of application for comprehensive credit line
For business needs, the company and its subsidiaries intend to apply to the bank for comprehensive credit with a total line of no more than RMB 38606.6 million. The credit business includes but is not limited to loans, acceptance bills, trade financing, letter of guarantee, etc. the authorization is valid from the deliberation and approval of this board of directors to April 30, 2023. The details are as follows:
Remarks on application for credit line of credit institution name
No. (RMB 10000) term
China Citic Bank Corporation Limited(601998) Wuxi Branch expires in September 2022
159000 continued
Bank Of China Limited(601988) Wuxi Branch expires in May 2022
2 43000 continued
Industrial And Commercial Bank Of China Limited(601398) Wuxi Branch will arrive in December 2022
Continuation of phase 3 59000
Industrial Bank Co.Ltd(601166) Shanghai Branch expires in April 2022
4 65000 follow-up
China Resources Bank Shenzhen Branch expires in July 2022
5.2000 continued
6 BOC Chongqing hi tech branch 23066 due in August 2024
ICBC Chongqing Xiyong sub branch from December 2022 to
7. Phase 1000
BOC Chongqing hi tech branch expires in May 2022
8. Continued work
ICBC Chongqing Xiyong sub branch from December 2022 to
9. Continuation of 13000 phase
China Citic Bank Corporation Limited(601998) Dongguan Branch December 30, 2022
Due on October 20, 000
Asian bank due in November 2022
12 to be determined 70000 5 to be added in 2022
13. China Construction Bank Huangjiang sub branch 8000 to be added in 2022
Total 3860660000 yuan
(excluding HK $1 billion)
Note: 1. The above credit line does not include the balance of the syndicated loan of HK $1 billion borrowed by the company from DBS Bank Hong Kong branch and China Development Bank Hong Kong Branch. The loan term is 3 years and expires in March 2022. It is proposed to renew the loan.
2. The company will confirm the financial institutions to apply for comprehensive credit and provide guarantee according to the actual demand.
The credit line applied by the company and its subsidiaries to the bank is the maximum use limit of the company and its subsidiaries, and the actual use limit of the company and its subsidiaries shall not exceed the comprehensive credit line of the bank. The board of directors of the company authorizes the chairman or his designated authorized agent to sign all legal documents within the above comprehensive credit line on behalf of the company and its subsidiaries (including but not limited to applications, contracts, agreements and other documents related to credit, loan and financing). The above credit line is not equal to the actual financing amount of the company. The actual financing amount should be within the credit line and subject to the actual financing amount between the bank and the company. The specific financing amount and variety will be reasonably determined according to the actual needs of the company’s business development.
It is hereby announced.
China Resources Microelectronics Limited(688396) board of directors February 23, 2022
