Securities code: Bear Electric Appliance Co.Ltd(002959) securities abbreviation: Bear Electric Appliance Co.Ltd(002959) Announcement No.: 2022032 Bear Electric Appliance Co.Ltd(002959)
Announcement on applying for credit line from the bank 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.
Bear Electric Appliance Co.Ltd(002959) (hereinafter referred to as "the company") held the 14th meeting of the second board of directors on April 7, 2022, deliberated and adopted the proposal on applying for credit line from banks in 2022. The relevant information is hereby announced as follows:
In order to meet the capital needs of the company's production, operation and investment and construction, the company (including the holding company) plans to provide funds to Guangdong Shunde Rural Commercial Bank Co., Ltd. Agricultural Bank Of China Limited(601288) , China China Construction Bank Corporation(601939) Co., Ltd., Guangdong Development Bank Co., Ltd. China Merchants Bank Co.Ltd(600036) , China China Everbright Bank Company Limited Co.Ltd(601818) Co., Ltd., Industrial Bank Co.Ltd(601166) , China Citic Bank Corporation Limited(601998) Shanghai Pudong Development Bank Co.Ltd(600000) Co., Ltd. and other banks apply for comprehensive credit with a total amount of no more than 3.5 billion yuan (the final credit line shall be subject to the credit line actually approved by each bank). The comprehensive credit content includes but is not limited to non current capital loan, working capital loan, issuing bank acceptance bill, letter of credit, bill discount, documentary bill, China factoring business, etc. The total credit line above is not equal to the actual financing amount of the company, and the specific financing amount will depend on the actual capital needs of the company's production, operation and investment and construction (the final amount shall be subject to the actual financing amount between the bank and the company).
The company intends to authorize Mr. Li Yifeng, chairman of the board of directors, to sign all contracts, agreements, vouchers and other legal documents related to credit (including but not limited to credit, loan, financing, etc.) within the above credit line on behalf of the company, and all the legal and economic responsibilities arising therefrom shall be borne by the company. The management of the company shall abide by the provisions of relevant laws and regulations and strengthen capital supervision.
The above application for credit line from the bank can be implemented only after being submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval. The authorization period is from the date of deliberation and approval of the 2021 annual general meeting of shareholders to the date of holding the 2022 annual general meeting of shareholders. Within the authorization period, the credit line can be recycled.
It is hereby announced.
Bear Electric Appliance Co.Ltd(002959)
Board of directors
April 8, 2022
