Securities code: Shanghai Hi-Road Food Technology Co.Ltd(300915) securities abbreviation: Shanghai Hi-Road Food Technology Co.Ltd(300915) Announcement No.: 2022016 Shanghai Hi-Road Food Technology Co.Ltd(300915)
Announcement on applying for comprehensive credit line from financial institutions
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.
In order to meet the capital needs of Shanghai Hi-Road Food Technology Co.Ltd(300915) (hereinafter referred to as "the company") and its subsidiaries for production and operation development, the company held the fourth meeting of the third board of directors on April 21, 2022, and deliberated and adopted the proposal on applying for comprehensive credit line from financial institutions with 6 affirmative votes, 0 negative votes and 0 abstention, It is agreed that the company applies to commercial banks and non bank financial institutions for a comprehensive credit line with a total amount of no more than RMB 300 million or equivalent foreign currency. The proposal needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. According to the requirements of relevant laws and regulations, the relevant information is hereby announced as follows: I. overview of applying for comprehensive credit from financial institutions
In order to meet the capital demand for the production and operation development of the company and its subsidiaries, according to relevant laws and regulations and the articles of association, in 2022, the company plans to apply to commercial banks and non bank financial institutions for a comprehensive credit line with a total amount of no more than 300 million yuan or equivalent foreign currency (the specific credit line and credit term shall be subject to the actual approval of each financial institution), The validity period of the credit line is one year from the date of deliberation and approval of the company's 2021 annual general meeting, and the credit line can be recycled within the credit period. The types of credit business include but are not limited to working capital loan, project loan, bank acceptance bill, letter of guarantee, factoring, opening letter of credit, documentary bill, trade financing, bill discount, financial leasing and other comprehensive credit business, which shall be implemented in accordance with the contents and methods finally agreed with various financial institutions.
In order to facilitate the smooth progress of specific credit granting matters, the company authorizes the legal representative or the authorized agent designated by the legal representative to handle relevant procedures on behalf of the company and its subsidiaries and sign contracts, agreements, vouchers and other documents related to the above-mentioned comprehensive credit granting with financial institutions. 2、 Relevant review procedures
1. Deliberations of the board of directors
The board of Directors believes that the company and its subsidiaries intend to apply for credit lines from financial institutions in order to meet the capital needs of the company's daily operation and project construction, broaden financing channels and facilitate the long-term development of the company. The board of directors agreed that the company and its subsidiaries applied for comprehensive credit from financial institutions and submitted it to the 2021 annual general meeting of shareholders of the company for deliberation.
2. Independent opinions of independent directors
The independent directors believe that the company intends to apply to commercial banks and non bank financial institutions for a comprehensive credit line with an estimated total amount of no more than RMB 300 million or equivalent foreign currency in order to meet the capital needs of the company and its subsidiaries for production and operation development, which is conducive to the sustainable and healthy development of the company's daily operation and will not have an adverse impact on the normal operation and business development of the company, There is no harm to the interests of all shareholders, especially minority shareholders. Therefore, we agree to submit the application for comprehensive credit line to financial institutions to the 2021 annual general meeting for deliberation.
3. Deliberation of the board of supervisors
The board of supervisors believes that this comprehensive credit is to meet the actual production, operation and business development capital needs of the company, help stabilize the sustainable development of the company, will not affect the normal production and operation of the company, and will not damage the interests of the company and all shareholders. The board of supervisors agreed to the matter.
3、 Documents for future reference 1. Resolution of the fourth meeting of the third board of directors 2. Resolution of the third meeting of the third board of supervisors 3. Independent opinions of independent directors on matters related to the third meeting of the third board of directors are hereby announced.
Shanghai Hi-Road Food Technology Co.Ltd(300915) board of directors
April 22, 2002
