Securities code: Zhejiang Haiyan Power System Resources Environmental Technology Co.Ltd(688565) securities abbreviation: Zhejiang Haiyan Power System Resources Environmental Technology Co.Ltd(688565) Announcement No.: 2022027 Zhejiang Haiyan Power System Resources Environmental Technology Co.Ltd(688565)
Announcement on applying to the bank for new comprehensive credit line
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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
1、 Proposed application for new comprehensive credit from the bank
In order to meet the funds required for the company’s daily operation and strategic development, according to the company’s business plan and development needs and national financial policies, combined with the company’s investment and financing plan, the company plans to apply to the cooperative bank for a new comprehensive credit line with a total amount of no more than 100 million yuan for loans, opening letters of credit, acceptance bills, letter of guarantee, etc. the guarantee method is credit, and the final credit amount, term and interest rate shall be subject to the approval of the bank, The specific use amount will be determined by the company according to the actual needs of its own operation.
2、 Deliberation and voting
On April 19, 2022, the company held the 18th meeting of the third board of directors, deliberated and adopted the proposal on applying for new comprehensive credit line from the bank. According to the relevant provisions of the Listing Rules of shares on the science and Innovation Board of Shanghai Stock Exchange, this proposal does not involve related party transactions and does not need to avoid voting. According to the provisions of the articles of association, the proposal needs to be submitted to the general meeting of shareholders for deliberation.
3、 Necessity of applying for comprehensive credit and its impact on the company
The comprehensive credit line applied for this time is the normal need for the company to realize business development and operation. Replenishing working capital for its own development through bank credit financing is conducive to improving the company’s financial situation, having a positive impact on the company’s daily operation, further promoting the company’s business development and in line with the interests of the company and all shareholders.
4、 Signing of the agreement
The board of directors authorizes the legal representative of the company or its designated authorized agent to execute and sign relevant documents (including but not limited to applications, contracts, agreements and other documents related to credit extension, loan and financing) according to the actual business needs. All the legal and economic responsibilities arising therefrom shall be borne by the company.
It is hereby announced.
Zhejiang Haiyan Power System Resources Environmental Technology Co.Ltd(688565) board of directors April 20, 2022
