Stock abbreviation: Foshan Electrical And Lighting Co.Ltd(000541) (A shares) Guangdong lighting B (B shares)
Stock Code: Foshan Electrical And Lighting Co.Ltd(000541) (A shares) 200541 (B shares)
Announcement No.: 2022027
Foshan Electrical And Lighting Co.Ltd(000541)
Announcement on applying for comprehensive credit line from banks
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
The company held the 29th meeting of the 9th board of directors on March 30, 2022. The meeting deliberated and adopted the proposal on applying for comprehensive credit line from the bank. Now the relevant matters are announced as follows:
According to the needs of the company’s production, operation and development, the board of directors agreed that the company and its holding subsidiaries (including Foshan Nationstar Optoelectronics Co.Ltd(002449) ) apply to the bank for a comprehensive credit line of no more than RMB 5.7 billion. The types of credit business include but are not limited to bank acceptance bill, letter of credit, bill discount, trade financing, working capital loan, etc., which is valid for two years from the date of deliberation and approval by the general meeting of shareholders. Within the credit term, the credit line can be recycled. The above credit line does not include the “120 million dollar loan on applying for loan from China Development Bank” deliberated and approved by the board of directors on November 23, 2021 and the “150 million yuan loan applied by Nanning Liaowang to the bank” deliberated and approved by the board of directors on January 18, 2022.
The above credit line is not equal to the actual financing amount of the company. Within this line, the actual financing amount of the company shall be subject to the actual financing amount between the bank and the company. At the same time, the general meeting of shareholders is requested to authorize the chairman or relevant personnel designated by the chairman to go through the procedures related to the application for comprehensive credit line from the bank.
This proposal still needs to be submitted to the general meeting of shareholders for deliberation.
It is hereby announced.
Foshan Electrical And Lighting Co.Ltd(000541) board of directors
March 30, 2022
