Securities code: Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) securities abbreviation: Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) Announcement No.: 2022012 Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051)
Announcement on the application for comprehensive credit line by the company and its subsidiaries 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.
Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) (hereinafter referred to as "the company") held the 14th meeting of the second board of directors on March 23, 2022, deliberated and approved the proposal on the application of comprehensive credit line by the company and its subsidiaries in 2022, and agreed that the company and its subsidiaries should apply to banks and other financial institutions for comprehensive credit line with a total amount of no more than 6 billion yuan (or equivalent foreign currency). This proposal needs to be submitted to the general meeting of shareholders for deliberation. Relevant matters are hereby announced as follows:
1、 Overview of application for comprehensive credit
In order to meet the capital needs of the company's production, operation and development, combined with the actual situation of the company, the company and its subsidiaries intend to apply for a comprehensive credit line with a total amount of no more than RMB 6 billion (or equivalent foreign currency) from banks and other financial institutions in 2022, with a term of one year (subject to the actual credit term approved by the financial institution). The loans under such credit lines can be mortgaged and pledged with the self owned assets of the company and its subsidiaries. Credit forms include but are not limited to working capital loans, issuing bank acceptance bills, letters of credit, letter of guarantee, discounting commercial (bank) acceptance bills, export factoring, renewal of corporate loans, pre settlement risks, etc. The final credit form, credit line and credit term shall be subject to the actual approval of banks and other financial institutions. The above credit line is not equal to the actual financing amount of the company, and the specific financing amount will be reasonably determined according to the actual needs of the company and its subsidiaries. Within the credit term, the credit line can be recycled.
In order to handle the application for the comprehensive credit line of the above-mentioned banks and other financial institutions and subsequent related loans, guarantees and other matters, it is proposed to submit to the general meeting of shareholders to authorize the board of directors to authorize the legal representative of the company or the authorized agent designated by the legal representative to handle relevant procedures on behalf of the company within the above-mentioned credit line, And sign all contracts, agreements, vouchers and other legal documents related to all credit (including but not limited to credit, loan, financing, mortgage, pledge, guarantee, etc.) within the above credit line. The authorization period starts from the date of deliberation and approval of the company's 2021 annual general meeting of shareholders to the convening of the 2022 annual general meeting of shareholders.
2、 Documents for future reference 1. Resolutions of the 14th meeting of the second board of directors. It is hereby announced.
Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) board of directors March 25, 2022
