Securities code: Tongxing Environmental Protection Technology Co.Ltd(003027) securities abbreviation: Tongxing Environmental Protection Technology Co.Ltd(003027) Announcement No.: 2022016 Tongxing Environmental Protection Technology Co.Ltd(003027)
Announcement on applying for comprehensive credit line from banks
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.
Tongxing Environmental Protection Technology Co.Ltd(003027) (hereinafter referred to as "the company") held the 19th meeting of the 4th board of directors and the 15th meeting of the 4th board of supervisors on April 18, 2022, deliberated and adopted the proposal on applying for comprehensive credit line from banks. In order to meet the needs of production, operation and development of the company, the company and its holding subsidiaries intend to apply for comprehensive credit line of no more than RMB 1.5 billion from relevant banks, The specific financing amount will be determined according to the actual needs of the working capital of the company and its holding subsidiaries.
The above credit line applied by the company is not equal to the actual financing amount of the company. The specific credit line shall be subject to the contract signed between the company and the bank.
The above bank credit line can be recycled within the authorization period, including but not limited to the long / short-term working capital loan, bank acceptance bill, letter of guarantee, factoring, letter of credit, commercial acceptance bill, commercial bill coupon, trade financing, Bill coupon, Bill pool and other bank credit businesses of the company's daily production and operation.
In order to facilitate the smooth progress of the company's application for credit line from the bank, the company authorizes the chairman or his authorized representative to review and sign all documents within the above credit line, and all legal and economic responsibilities arising therefrom shall be borne by the company. The single financing within the above credit line will not be reported to the board of directors for deliberation and voting. If the bank credit line exceeds the above scope within the year, it shall be submitted to the board of directors or the general meeting of shareholders for deliberation and approval before implementation.
The above-mentioned comprehensive bank credit granting matters can only be implemented after being submitted to the 2021 annual general meeting of the company for deliberation and approval. The authorization period is from the date of deliberation and approval of the 2021 annual general meeting to the date of convening the 2022 annual general meeting of shareholders.
It is hereby announced.
Tongxing Environmental Protection Technology Co.Ltd(003027) board of directors April 19, 2022
