Securities code: Genbyte Technology Inc(003028) securities abbreviation: Genbyte Technology Inc(003028) Announcement No.: 2022010 Genbyte Technology Inc(003028)
Announcement on applying to the bank for comprehensive credit line in 2022
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Genbyte Technology Inc(003028) (hereinafter referred to as “the company”) held the 18th (Interim) meeting of the second board of directors on March 4, 2022, deliberated and adopted the proposal on applying for comprehensive credit line from banks in 2022. The details are as follows:
1、 Basic information of this application for comprehensive credit line
In order to meet the capital needs of the company’s daily production and operation, the company and its wholly-owned subsidiaries intend to apply to the bank for a comprehensive credit line with a total amount of no more than RMB 800 million. The validity period of the credit line is valid within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company. Within the above validity period, the credit line can be used circularly and continuously. Credit categories include but are not limited to long-term and short-term loans, bank acceptance bills, trade financing, letter of guarantee, factoring, letter of credit, financial leasing, etc. for the company’s daily production and operation.
The specific comprehensive credit line, comprehensive credit form, purpose and other terms of each bank shall be subject to the final agreement signed between the company and its wholly-owned subsidiaries and each bank. The credit line can be adjusted between different banks within the scope of the total credit line, and the company and its wholly-owned subsidiaries can use the above comprehensive credit line.
2、 Approval procedures and subsequent authorization of this application for comprehensive credit line
In order to improve work efficiency and handle the company’s credit business in time, the board of directors of the company requests the general meeting of shareholders to authorize the chairman and the management of the company according to the actual operation of the company, Within the credit line, fully handle all procedures related to the application of the company and its wholly-owned subsidiaries to the bank for credit line (including but not limited to applications, contracts, agreements and other documents related to credit extension, loan, financing, mortgage, pledge, guarantee and so on), and the resulting legal and economic responsibilities shall be borne by the company and its corresponding subsidiaries, The authorization period shall be valid within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company.
The above application for comprehensive bank credit has been deliberated and approved at the 18th (Interim) meeting of the second board of directors of the company, and needs to be submitted to the first extraordinary general meeting of shareholders in 2022 for deliberation.
It is hereby announced.
Genbyte Technology Inc(003028) board of directors March 9, 2022
