Securities code: Zhejiang Meorient Commerce & Exhibition Inc(300795) securities abbreviation: Zhejiang Meorient Commerce & Exhibition Inc(300795) Announcement No.: 2022019
Zhejiang Meorient Commerce & Exhibition Inc(300795)
Announcement on the company and its wholly-owned subsidiaries applying for comprehensive credit from the 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.
Zhejiang Meorient Commerce & Exhibition Inc(300795) (hereinafter referred to as "the company") held the 22nd Meeting of the 4th board of directors and the 15th meeting of the 4th board of supervisors on March 21, 2022, deliberated and approved the proposal on the application of the company and its wholly-owned subsidiaries for comprehensive credit from banks, and agreed that the total amount of the company's application to banks should not exceed RMB 100 million, and the period should be effective within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company. During the credit period, such credit lines can be recycled. This proposal still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. The specific contents are hereby announced as follows:
1、 Overview of application for comprehensive credit line
In order to implement the company's development strategy, meet the capital needs of the company's continuous expansion, further optimize and adjust the partners of the company's financial system and reduce the company's comprehensive financial expenses, the company and its wholly-owned subsidiaries plan to apply for comprehensive credit from banks and other financial institutions in 2022, with a total amount of no more than RMB 100 million, and the term is valid within 12 months from the date of deliberation and approval by the company's general meeting of shareholders. During the credit period, such credit lines can be recycled.
The above bank credit contents include but are not limited to business loans, bank acceptance bills, letters of credit, letter of guarantee, equipment loans, M & A loans, forward foreign exchange settlement and sales, bill pledge, project loans under construction, factoring financing, bill discount, renewal of corporate loans, pre settlement risks and other credit businesses (the specific business types shall be subject to the approval of relevant banks). The above bank credit line (including but not limited to bank comprehensive credit line) is not equal to the financing amount of the company, and the specific financing amount will be determined according to the actual needs of the company.
In order to facilitate the board of directors to handle the above-mentioned bank credit (including but not limited to bank comprehensive credit) and the corresponding specific credit matters under the credit within its scope of authority, under the condition of meeting the above-mentioned credit purpose, credit line and guarantee method, the management of the company is authorized to be specifically responsible for the application of the company for credit or loan from the bank and assign relevant personnel to handle specific matters, including but not limited to:
1. According to the actual situation of the company's operation, determine the loan amount, loan term, loan interest rate, guarantee method and other matters within the scope of meeting the above credit purpose, credit line and guarantee conditions;
2. Perform all procedures related to the company's application for credit or loan from the bank, including but not limited to signing contracts, agreements and relevant legal documents involved in the process of applying for credit or loan from the bank, and handling the registration procedures of other rights related to guarantee;
3. Fully handle all other matters related to the application for credit or loan from the bank. 2、 Impact on the company
The purpose of applying for comprehensive credit from banks and other financial institutions is to meet the needs of the rapid development, production and operation of the company and its subsidiaries. The rational use of financing instruments is conducive to promoting the development of the company and its subsidiaries and further improving economic benefits. At present, the company is in good operating condition and has good solvency. The credit application will not bring significant financial risks to the company or damage the interests of the company.
3、 Documents for future reference
1. Resolutions of the 22nd Meeting of the 4th board of directors;
2. Resolution of the 15th meeting of the 4th board of supervisors.
It is hereby announced!
Zhejiang Meorient Commerce & Exhibition Inc(300795) board of directors March 23, 2022
