Securities code: Xinxiang Richful Lube Additive Co.Ltd(300910) securities abbreviation: Xinxiang Richful Lube Additive Co.Ltd(300910) Announcement No.: 2022012 Xinxiang Richful Lube Additive Co.Ltd(300910)
Announcement on applying for credit line from financial institutions
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.
1、 Basic information
Xinxiang Richful Lube Additive Co.Ltd(300910) (hereinafter referred to as “the company”) held the seventh meeting of the third board of directors and the seventh meeting of the third board of supervisors on April 8, 2022. The meeting deliberated and adopted the proposal on applying for credit line from financial institutions. The details are hereby announced as follows:
According to the needs of the company’s business development, the company and its subsidiaries intend to apply to financial institutions for credit business. The types of credit business include but are not limited to trade financing, project financing, acceptance bill, bill discount, letter of guarantee, letter of credit, etc. the guarantee methods include credit, mortgage of the company’s own assets, guarantee provided by the company’s shareholders, mutual guarantee between the company and its subsidiaries, etc. The above credit is not equal to the actual financing amount of the company and its subsidiaries. The actual financing amount shall be subject to the financing agreement actually signed between the financial institution and the company and its subsidiaries, and the total amount shall not exceed RMB 800 million. The company and the board of directors authorize the legal representative of the company or the authorized agent designated by the legal representative to handle the above related businesses on behalf of the company, sign credit related documents and sign financing related agreements within the above actual financing line. The single financing within the total amount of the above actual financing will not be reported to the board of directors or the general meeting of shareholders for deliberation and voting, but the credit granting matters involving the company’s external guarantee still need to perform the relevant deliberation procedures in accordance with the Listing Rules of GEM stocks of Shenzhen Stock Exchange, self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of GEM listed companies and the articles of association.
The time limit for applying for credit business, handling actual financing and relevant authorization will take effect from the date of deliberation and approval by the board of directors, and the validity period is 12 months. The actual financing limit can be recycled within the time limit.
This matter need not be submitted to the general meeting of shareholders for deliberation.
2、 Documents for future reference
1. Resolution of the 7th Meeting of the 3rd board of directors.
It is hereby announced
Xinxiang Richful Lube Additive Co.Ltd(300910) board of directors April 12, 2022
