Securities code: Wondershare Technology Group Co.Ltd(300624) securities abbreviation: Wondershare Technology Group Co.Ltd(300624) Announcement No.: 2022018
Bond Code: 123116 bond abbreviation: Wanxing convertible bond
Wondershare Technology Group Co.Ltd(300624)
Announcement on applying for comprehensive credit line from banks and other financial institutions
The board of directors does not guarantee that the information disclosed by the company is true, complete or misleading.
Wondershare Technology Group Co.Ltd(300624) (hereinafter referred to as “the company”) held the 36th meeting of the third board of directors on April 22, 2022, and deliberated and adopted the proposal on the application of the company and its subsidiaries for comprehensive credit line from banks and other financial institutions in 2022, which needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. The details are as follows:
According to the 2022 business plan of the company, in order to meet the needs of the company’s operation and development, the company and its subsidiaries (including subsidiaries at all levels included in the scope of the company’s consolidated statements) plan to apply to banks and other relevant financial institutions for a comprehensive credit line of no more than 500 million yuan. The credit period is from the date of deliberation and approval of the 2021 annual general meeting of shareholders to the date of holding the next annual general meeting of shareholders. During the credit period, the credit line can be used circularly and rolling. The specific credit line is finally subject to the credit line actually approved by relevant banks and other financial institutions. In order to facilitate the smooth progress of the company’s application for credit line from the bank, the board of directors of the company authorizes the chairman or the authorized agent designated by the chairman to handle relevant matters and sign relevant documents for the single financing within the above total credit line.
The above credit line is not equal to the actual financing amount of the company. The actual financing amount shall be within the credit line, and the actual financing amount between banks and other financial institutions and the company shall prevail.
The independent directors of the company have expressed independent opinions on this. The company and its subsidiaries have good reputation and operating conditions, and the financial risk is controllable. The application for comprehensive credit from banks and other financial institutions will not have an adverse impact on the normal operation and business development of the company, and there is no damage to the interests of the company and all shareholders, especially small and medium-sized shareholders. The decision-making procedure of this application for credit extension complies with the relevant laws and regulations, normative documents and the relevant provisions of the articles of association, such as the company law, the Shenzhen Stock Exchange GEM Listing Rules, the Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 2 – standardized operation of listed companies on the gem. Therefore, it is unanimously agreed that the company applies for a comprehensive credit line from banks and other financial institutions, and agrees to submit the proposal to the general meeting of shareholders of the company for deliberation.
It is hereby announced.
Securities code: Wondershare Technology Group Co.Ltd(300624) securities abbreviation: Wondershare Technology Group Co.Ltd(300624) Announcement No.: 2022018 bond Code: 123116 bond abbreviation: Wanxing convertible bond
Wondershare Technology Group Co.Ltd(300624) board of directors
April 23, 2022
