Securities code: China Zhonghua Geotechnical Engineering Group Co.Ltd(002542) securities abbreviation: China Zhonghua Geotechnical Engineering Group Co.Ltd(002542) Announcement No.: 2022017 China Zhonghua Geotechnical Engineering Group Co.Ltd(002542)
Announcement on applying for credit line from bank
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.
China Zhonghua Geotechnical Engineering Group Co.Ltd(002542) (hereinafter referred to as “the company”) deliberated and adopted the proposal on applying for credit line from the bank at the 13th interim meeting of the Fourth Board of directors on March 18, 2022. According to the needs of production, operation and capital turnover of the company, the company plans to apply for credit line from the following banks:
1. Apply to China Construction Bank Corporation(601939) Beijing Daxing sub branch for a comprehensive credit line of RMB 260 million with a credit term of one year. The specific credit scheme shall be subject to the actual approval of the bank. 2. Apply to Beijing Laiguangying sub branch of Guangdong Development Bank for a comprehensive credit line of 300 million yuan with a credit term of 1 year. The specific credit scheme shall be subject to the actual approval of the bank.
The credit scheme applied by the company to the above banks shall be subject to the actual approval of the bank, and the specific financing amount will be determined according to the actual needs of the company’s working capital. The company authorizes Mr. Xiao Bingbing, the chief financial officer, to sign contracts, agreements, vouchers and other legal documents related to the credit within the above credit line (including but not limited to credit, loan, letter of guarantee, guarantee, mortgage, financing, account opening, account cancellation, etc.) on behalf of the company, and all the legal and economic responsibilities arising therefrom shall be borne by the company.
It is hereby announced.
China Zhonghua Geotechnical Engineering Group Co.Ltd(002542) board of directors
March 18, 2022
