Anhui Ankai Automobile Co.Ltd(000868) : Announcement on the company’s handling of accounts receivable pledge business in 2022

Securities code: Anhui Ankai Automobile Co.Ltd(000868) securities abbreviation: Anhui Ankai Automobile Co.Ltd(000868) Announcement No.: 2022030

Anhui Ankai Automobile Co.Ltd(000868)

With regard to the announcement on the company’s handling of accounts receivable pledge business in 2022, the company and all members of the board of directors guarantee that the content of information disclosure is true, accurate and complete without false records, misleading statements or major omissions.

On March 18, 2022, Anhui Ankai Automobile Co.Ltd(000868) (hereinafter referred to as “the company”) held a meeting

The 13th meeting of the 8th board of directors was reviewed and adopted by 9 votes in favor, 0 against and 0 abstention

The proposal on the company’s handling of accounts receivable pledge business in 2022 was and submitted to the company’s 2021 annual general meeting for voting. The specific contents are announced as follows:

In order to meet the funds required for future business development planning, the company will raise some funds by borrowing from banks or other non-financial institutions, among which the pledge of relevant receivables is required for factoring financing, trade financing and other businesses. The company expects to handle the pledge of receivables in 2022, with a total amount of no more than 800 million yuan. This kind of financing method is relatively common in bank financing business, which is conducive to the company’s early receipt of accounts receivable and the company’s capital turnover.

The company will strictly abide by relevant regulations and requirements and do a good job in the pledge of receivables. When handling the pledge of receivables, the Finance Department of the company will strictly implement the specific operation procedures.

It is hereby announced

Anhui Ankai Automobile Co.Ltd(000868) board of directors

March 22, 2022

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