Securities code: Kaiyuan Education Technology Group Co.Ltd(300338) securities abbreviation: Kaiyuan Education Technology Group Co.Ltd(300338) Announcement No.: 2022020 Kaiyuan Education Technology Group Co.Ltd(300338)
With regard to the announcement of the company and its subsidiaries applying for comprehensive credit from the bank in 2022, the company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Kaiyuan Education Technology Group Co.Ltd(300338) (hereinafter referred to as “the company”) deliberated and adopted the proposal on the application of the company and its subsidiaries for comprehensive credit from banks in 2022 at the 23rd Meeting of the Fourth Board of directors on April 28, 2022, which was unanimously approved. Relevant matters are announced as follows:
According to the overall strategic objectives of the company and the business objectives of 2022, in order to meet the funds required for daily operation and the extension and expansion of the industrial chain of education sector, according to relevant forecasts, the company and its subsidiaries intend to apply to the bank for a total bank comprehensive credit line of no more than RMB 500 million (the above credit line is not equal to the actual financing amount of the company, and the specific amount shall be subject to the approval results of various financial institutions). Credit varieties include but are not limited to project loans, working capital loans, letter of credit lines, bank bill lines, etc.
Within this limit, the company makes bank loans according to the actual capital needs, and the validity period is from the date of deliberation and approval of the 2021 annual general meeting of shareholders to the day before the 2022 annual general meeting of shareholders. The total comprehensive credit line can be recycled within the scope of authorization and validity period.
The company will ensure the proper use of relevant credit funds with a standardized and effective investment evaluation and fund use management system. At the same time, the board of directors requested the general meeting of shareholders to authorize the chairman (legal representative) of the company to handle all contracts, agreements, vouchers and other legal documents related to credit within the credit line, and all the legal and economic responsibilities arising therefrom shall be borne by the company and its subsidiaries respectively.
It is hereby announced.
Kaiyuan Education Technology Group Co.Ltd(300338) board of directors April 29, 2022
