Securities code: Nacity Property Service Group Co.Ltd(603506) securities abbreviation: Nacity Property Service Group Co.Ltd(603506) Announcement No.: 2022017 Nacity Property Service Group Co.Ltd(603506)
Announcement on the company’s application for comprehensive credit line from the bank
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Nacity Property Service Group Co.Ltd(603506) (hereinafter referred to as “the company”) held the second meeting of the third board of directors and the second meeting of the third board of supervisors on April 15, 2022, deliberated and adopted the proposal on the company’s application for comprehensive credit line from the bank. The company’s application for credit line from the bank is as follows: in order to meet the capital needs of the company’s daily operation and business development, the company plans to apply to the bank for a comprehensive credit line with a total line of no more than RMB 300 million. The board of directors authorizes the company’s management to handle specific matters such as loans within the comprehensive credit line according to the actual business situation, and authorizes the chairman of the company to sign relevant agreements and documents. The above authorization is valid from the date of deliberation and approval of the company’s 2021 annual general meeting to the date of holding the 2022 annual general meeting, and the amount of authorization can be used on a rolling basis within the authorization period. The above financing methods include but are not limited to working capital loan, fixed asset loan, bank acceptance bill, letter of credit, letter of guarantee and other bank financing businesses, which shall be subject to the signed credit contract. The use scope of credit line is the company and its subordinate enterprises directly or indirectly controlled by the company.
All independent directors of the company expressed their independent opinions on the company’s application for a comprehensive credit line from the bank: the company plans to apply for a comprehensive credit line with a total amount of no more than RMB 300 million from the bank, and the authorization is valid from the date of deliberation and approval of the company’s 2021 annual general meeting to the date of holding the 2022 annual general meeting. The purpose of this matter is to ensure the normal operation of working capital turnover and production and operation, meet the needs of the company’s business development, and the company is in good operating condition and has strong solvency. The application for comprehensive bank credit line is in line with the interests of the company and does not damage the interests of the company and all shareholders.
In accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange and the articles of association, the application for the bank’s comprehensive credit line shall be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval.
It is hereby announced.
Nacity Property Service Group Co.Ltd(603506) board of directors
April 16, 2022
