Securities code: Svg Tech Group Co.Ltd(300331) securities abbreviation: Svg Tech Group Co.Ltd(300331) Announcement No.: 2022019 Svg Tech Group Co.Ltd(300331)
With regard to the announcement of the company and its subsidiaries applying for comprehensive credit line from the bank in 2022, 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.
Svg Tech Group Co.Ltd(300331) (hereinafter referred to as “the company”) held the fourth meeting of the Fifth Board of directors and the fourth meeting of the Fifth Board of supervisors on March 11, 2022, deliberated and adopted the proposal on the application of the company and its subsidiaries for comprehensive credit line from banks in 2022. The details are hereby announced as follows:
1、 Basic information of credit line application
According to the company’s strategic development plan and production and operation needs, In 2022, the company and its subsidiaries intend to apply to banks and other financial institutions for a comprehensive credit line of no more than 2.448 billion yuan or equivalent foreign currency (including but not limited to working capital loans, acceptance bills, letters of credit, letters of guarantee and other credit varieties, within the scope of no more than the total credit line, and finally subject to the credit line actually approved by each bank), Within this credit line, the company and its subsidiaries conduct bank lending according to the actual capital needs. The credit period is valid within one year from the date of deliberation and approval by the general meeting of shareholders of the company. Within the credit period, the credit line can be recycled.
As the above-mentioned comprehensive credit line exceeds 50% of the company’s latest audited net assets, this matter needs to be submitted to the company’s first extraordinary general meeting in 2022 for deliberation in accordance with the Shenzhen Stock Exchange gem stock listing rules, the articles of association and other relevant provisions. If, according to the final approval results of the bank, the credit granting matters involve mortgage, guarantee or connected transaction, the company will implement the corresponding approval procedures according to the specific conditions of mortgage, guarantee or connected transaction and the approval authority specified in the articles of association or relevant laws and regulations.
The board of directors of the company requests the general meeting of shareholders to authorize the chairman Mr. Chen Linsen or the authorized agent designated by the chairman to handle the application of relevant credit line within the above credit line on behalf of the company, and sign relevant legal documents. The contract or agreement signed by the company in accordance with the authorization during the credit period shall be deemed to be valid regardless of whether the expiration date exceeds the deadline of the credit validity period.
2、 Opinions of the board of directors
After careful verification of the company’s operation and management, financial status, investment and financing status, solvency, etc., the board of directors of the company believes that the financial risk of the company and its subsidiaries applying for comprehensive credit line from the bank is within the company’s control and in line with the relevant provisions of China Securities Regulatory Commission, Shenzhen Stock Exchange and the articles of association, It helps to solve the funds needed for the development of the company and provide financial guarantee for the expansion of the company’s business.
Therefore, the board of directors agreed that the company and its subsidiaries apply to the bank for comprehensive credit line in 2022, and agreed to submit the proposal to the general meeting of shareholders of the company for deliberation.
3、 Opinions of independent directors
After careful deliberation, the independent directors of the company believe that the company and its subsidiaries applied to banks and other financial institutions for a comprehensive credit line of no more than RMB 2.448 billion or equivalent foreign currency in 2022, which is in line with the company’s strategic development planning and production and operation needs, is conducive to promoting the company’s development and business expansion, and the company is in good operation and has good solvency, This application for comprehensive credit line will not bring significant financial risks to the company or damage the interests of the company, and the relevant matters comply with the relevant laws and regulations of China Securities Regulatory Commission and Shenzhen Stock Exchange, the articles of association and other relevant documents; The fourth meeting of the 5th board of directors of the company has deliberated and approved the matter. The decision-making procedure is legal and compliant, and there is no behavior damaging the interests of the company and all shareholders, especially small and medium-sized shareholders.
Therefore, it is unanimously agreed that the company and its subsidiaries apply to the bank for a comprehensive credit line of no more than RMB 2.448 billion or equivalent foreign currency in 2022, and agree to submit the proposal to the general meeting of shareholders of the company for deliberation.
4、 Documents for future reference
1. Resolutions of the 4th meeting of the 5th board of directors of the company;
2. Independent opinions of the company’s independent directors on matters related to the fourth meeting of the Fifth Board of directors;
3. Resolution of the 4th meeting of the 5th board of supervisors of the company.
It is hereby announced.
Svg Tech Group Co.Ltd(300331) board of directors
March 11, 2022
