Securities code: Konfoong Materials International Co.Ltd(300666) securities abbreviation: Konfoong Materials International Co.Ltd(300666) Announcement No.: 2022064 bond Code: 123123 bond abbreviation: Jiangfeng convertible bond
Konfoong Materials International Co.Ltd(300666)
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.
Konfoong Materials International Co.Ltd(300666) (hereinafter referred to as “the company”) held the 21st Meeting of the third board of directors and the 19th meeting of the third board of supervisors on April 25, 2022, and deliberated and adopted the proposal on applying for comprehensive credit line from the bank. The details are as follows:
According to the company’s strategic planning and business development, in order to meet the capital needs of the company and its subsidiaries, the company plans to apply to banking institutions for a new comprehensive credit line of no more than RMB 300 million in 2022; At the same time, the company plans to apply to banking institutions for an extension of the new comprehensive credit line (three-year validity) of no more than RMB 1.5 billion that has expired after being approved in 2019.
Comprehensive credit business includes but is not limited to short-term working capital loan, medium and long-term loan, bank acceptance bill, discount, letter of credit, letter of guarantee, factoring, guarantee, mortgage, trade financing and other businesses. The above comprehensive credit line is not equal to the actual financing amount of the company and its subsidiaries. The actual financing amount should be within the comprehensive credit line and subject to the actual financing amount between the bank and the company and its subsidiaries. The specific financing amount will be reasonably determined according to the actual needs of the company’s working capital.
The credit term of the above comprehensive credit line totaling RMB 1.8 billion is valid for three years from the date of adoption by the general meeting of shareholders. Within the credit term, the credit line can be recycled. Within the scope of the above lines, the specific credit amount and credit mode shall be subject to the formal agreement or contract actually signed between the company and the credit bank. The legal representative of the company or its designated agent is authorized to sign all contracts, agreements, vouchers and other legal documents related to the above credit line (including but not limited to short-term working capital loans, medium and long-term loans, bank acceptance bills, discounts, letters of credit, guarantees, factoring, guarantees, mortgages, trade financing, etc.) on behalf of the company, and all the legal and economic responsibilities arising therefrom shall be borne by the company.
The proposal on the above comprehensive credit matters needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval.
It is hereby announced.
Konfoong Materials International Co.Ltd(300666) board of directors April 25, 2022
