Securities code: Zhejiang Zhengguang Industrial Co.Ltd(301092) securities abbreviation: Zhejiang Zhengguang Industrial Co.Ltd(301092) Announcement No.: 2022018 Zhejiang Zhengguang Industrial Co.Ltd(301092)
About the company and its wholly-owned subsidiaries to banks and other financial institutions in 2022
Announcement of applying for comprehensive credit line
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
Zhejiang Zhengguang Industrial Co.Ltd(301092) (hereinafter referred to as “the company”) held the 16th meeting of the 5th board of directors and the 13th meeting of the 5th board of supervisors on April 21, 2022, deliberated and approved the proposal on the company and its wholly-owned subsidiaries applying for comprehensive credit line from banks and other financial institutions in 2022, and agreed that the company and its wholly-owned subsidiaries planned to apply for comprehensive credit line of no more than RMB 300 million from banks, Credit types include but are not limited to bank loans, letter of guarantee, letter of credit, acceptance bill, bill discount, factoring and other financing methods. The specific business type, credit line and credit term shall be subject to the actual approval of banks and other financial institutions. The validity period of authorization is 12 months from the date of deliberation and approval by the 2021 annual general meeting of shareholders. Within the above period, the credit line can be recycled.
In order to facilitate the smooth development of the company’s application for comprehensive credit line from banks and other financial institutions, the board of directors also requested the general meeting of shareholders to authorize Mr. Shen Jianhua, the general manager of the company, to sign all legal documents related to credit on behalf of the company within the above credit line. The validity period of authorization is 12 months from the date of deliberation and approval by the 2021 annual general meeting of shareholders.
The above credit line is not equal to the actual financing amount of the company. The specific financing amount within the credit line shall be subject to the actual financing amount of the cooperative bank and the company.
2、 Review procedures and relevant opinions for implementation
(I) deliberation procedures of the board of directors
The company held the 16th meeting of the 5th board of directors on April 21, 2022 to consider and pass the proposal on the company and its wholly-owned subsidiaries’ application for comprehensive credit line to banks and other financial institutions in 2022. The board of directors agreed that the company and its wholly-owned subsidiaries should apply for comprehensive credit line not exceeding RMB 300million to banks and other financial institutions in 2022. The types of credit include but are not limited to bank loans, letter of guarantee, letter of credit Acceptance bill, bill discount, factoring and other means of financing. The specific business type, credit line and credit term shall be subject to the actual approval of banks and other financial institutions. The validity period of authorization is 12 months from the date of deliberation and approval by the 2021 annual general meeting of shareholders. Within the above period, the credit line can be recycled. At the same time, the general meeting of shareholders is requested to authorize Mr. Shen Jianhua, the general manager of the company, to sign all legal documents related to credit on behalf of the company within the above credit line.
(II) deliberation procedures of the board of supervisors
On April 21, 2022, the company held the 13th meeting of the 5th board of supervisors to consider and pass the proposal on the company and its wholly-owned subsidiaries applying for comprehensive credit line from banks and other financial institutions in 2022. The board of supervisors considered that the company and its wholly-owned subsidiaries planned to apply for comprehensive credit line of no more than RMB 300 million (inclusive) from banks and other financial institutions in 2022. The types of credit include but are not limited to bank loans, letter of guarantee, letter of credit Acceptance bill, bill discount, factoring and other means of financing. The specific business type, credit line and credit term shall be subject to the actual approval of banks and other financial institutions. According to the business plan of the company and its wholly-owned subsidiaries in 2022, this proposal is to meet the working capital needs of the company and its wholly-owned subsidiaries for production and operation. The relevant decision-making procedures for the deliberation of this matter are legal and effective, and there is no situation that damages the rights and interests of the company and shareholders, especially the interests of small and medium-sized investors.
Therefore, the board of supervisors unanimously agreed that the company and its wholly-owned subsidiaries applied for comprehensive credit line from banks and other financial institutions in 2022, and agreed to submit the matter to the 2021 annual general meeting of shareholders of the company for deliberation.
(III) opinions of independent directors
After review, we believe that: due to the needs of operation and development, the company and its wholly-owned subsidiaries applied for comprehensive credit line from banks and other financial institutions in 2022, the risk is controllable, which belongs to the needs of the company’s normal production and operation and rational utilization of funds, the decision-making procedure is legal, and there is no damage to the interests of the company and all shareholders, Comply with the relevant provisions of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of companies listed on GEM.
Therefore, we unanimously agree that the company and its wholly-owned subsidiaries apply for comprehensive credit line from banks and other financial institutions in 2022, and agree to submit the matter to the 2021 annual general meeting of shareholders of the company for deliberation.
3、 Documents for future reference
1. Resolutions of the 16th meeting of the 5th board of directors;
2. Resolutions of the 13th meeting of the 5th board of supervisors;
3. Independent opinions of independent directors on matters related to the 16th meeting of the Fifth Board of directors.
It is hereby announced.
Zhejiang Zhengguang Industrial Co.Ltd(301092) board of directors April 22, 2022
