Securities code: Guangdong Kitech New Material Holding Co.Ltd(300995) securities abbreviation: Guangdong Kitech New Material Holding Co.Ltd(300995) Announcement No.: 2022007 Guangdong Kitech New Material Holding Co.Ltd(300995)
Announcement on applying for comprehensive credit line from banks 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.
Guangdong Kitech New Material Holding Co.Ltd(300995) (hereinafter referred to as "the company") held the 11th meeting of the 3rd board of directors and the 10th meeting of the 3rd board of supervisors on April 15, 2022, and deliberated and adopted the proposal on applying for comprehensive credit line from banks in 2022, which needs to be submitted to the general meeting of shareholders of the company for deliberation and approval. Relevant matters are hereby announced as follows:
1、 Overview of applying for comprehensive credit line
In order to meet the capital needs of the company's production, operation and investment and construction, the company (including wholly-owned subsidiaries and holding subsidiaries) is expected to apply for comprehensive credit with a total amount of no more than 450 million yuan from banks in 2022 (the final credit line approved by each bank shall prevail), which is used for non current capital loans, working capital loans, opening bank acceptance bills, letters of credit, discount of commercial acceptance bills, documentary bills, etc, The credit term shall not exceed 1 year. The actual financing amount will depend on the actual capital needs of the company's production, operation and investment and construction (the final amount will be subject to the actual financing amount between the bank and the company). The above authorization period shall be valid within 12 months from the date of deliberation and approval by the company's 2021 annual general meeting of shareholders.
The company authorizes the chairman to sign contracts, agreements, vouchers and other legal documents related to credit (including but not limited to credit, loan, guarantee, mortgage, financing, etc.) on behalf of the company within the above credit line, and handle relevant procedures.
2、 Impact on the company
The purpose of the company's application for credit line from various banks is to meet the capital needs of the company (including wholly-owned subsidiaries and holding subsidiaries) for production, operation and investment and construction, optimize the company's capital structure and reduce financing costs. The specific amount will be subject to the actual financing amount between the bank and the company within the credit line, and there will be no damage to the interests of the company and all shareholders, especially small and medium-sized shareholders.
3、 Review procedures and relevant opinions for implementation
(I) deliberations of the board of directors
The company held the 11th meeting of the third board of directors on April 15, 2022, deliberated and approved the proposal on applying for comprehensive credit line from banks in 2022, and agreed that the company (including wholly-owned subsidiaries and holding subsidiaries) plans to apply for comprehensive credit line with a total amount of no more than 450 million yuan from banks in 2022. At the same time, the general meeting of shareholders is requested to authorize the chairman of the company to adjust the credit bank, credit line and corresponding guarantee matters and sign relevant documents required within the total credit line of no more than 450 million yuan according to the actual situation. The above matters need to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
(II) deliberation of the board of supervisors
The company held the 10th meeting of the third board of supervisors on April 15, 2022, deliberated and approved the proposal on applying for comprehensive credit line from banks in 2022, and agreed that the company (including wholly-owned subsidiaries and holding subsidiaries) applied for comprehensive credit line with a total amount of no more than 450 million yuan from banks in 2022. The above matters need to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
4、 Documents for future reference
1. Resolutions of the 11th meeting of the third board of directors;
2. Resolution of the 10th meeting of the third board of supervisors. It is hereby announced.
Guangdong Kitech New Material Holding Co.Ltd(300995) board of directors April 15, 2022
