Securities code: Shanghai Tianyong Engineering Co.Ltd(603895) securities abbreviation: Shanghai Tianyong Engineering Co.Ltd(603895) Announcement No.: 2022024 Shanghai Tianyong Engineering Co.Ltd(603895)
Announcement on the application of the company and its subsidiaries for comprehensive credit line from the bank
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important tips:
● credit line: Shanghai Tianyong Engineering Co.Ltd(603895) (hereinafter referred to as “the company”) and its subsidiaries intend to apply to commercial banks for a comprehensive credit line with a total amount of no more than 500 million yuan.
● deliberation: the 22nd Meeting of the second board of directors of the company deliberated and approved the proposal on the application of the company and its subsidiaries for comprehensive credit line from the bank, which needs to be submitted to the general meeting of shareholders of the company for deliberation.
According to the production, operation and business development plan of the company’s main business, in order to meet the smooth progress of the company’s businesses and daily operating capital needs, and improve capital operation capacity, the company and its subsidiaries intend to apply to commercial banks for a comprehensive credit line with a total amount of no more than RMB 500 million. The final applied credit line and credit term shall be subject to the actual approval of each financial institution. The purpose of bank credit extension includes but is not limited to working capital loan, bank acceptance bill line, letter of credit line, etc. the specific financing amount will be determined according to the actual needs of the company’s working capital, and the actual financing amount between the bank and the company shall prevail.
The board of directors of the company authorizes the chairman or his authorized person to handle relevant business on behalf of the company within the above credit scope and sign relevant legal documents according to the actual business needs. The validity period of the above authorization shall be valid within 12 months from the date when the above proposal is deliberated and adopted by the general meeting of shareholders of the company.
The above application for credit line needs to be submitted to the general meeting of shareholders of the company for deliberation.
It is hereby announced.
Shanghai Tianyong Engineering Co.Ltd(603895)
Board of directors
April 30, 2022
