Securities code: Lonkey Industrial Co.Ltd.Guangzhou(000523) securities abbreviation: ST Langqi Announcement No.: 2022024 Lonkey Industrial Co.Ltd.Guangzhou(000523)
Announcement on the application of the company and its subsidiaries for comprehensive credit line from the bank
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.
Lonkey Industrial Co.Ltd.Guangzhou(000523) (hereinafter referred to as “the company”) held the 12th meeting of the 10th board of directors on April 28, 2022, deliberated and adopted the proposal on the application of the company and its subsidiaries for comprehensive credit line from the bank. According to the needs of the sustainable development of the company’s production and operation, the board of directors agrees that the company and its subsidiaries (subsidiaries refer to the holding company within the scope of the company’s consolidated statements, the same below) apply to relevant banks for a comprehensive credit line with a total amount of no more than RMB 1 billion (including this amount). The proposal needs to be submitted to the general meeting of shareholders of the company for deliberation. The relevant information is hereby announced as follows:
1、 Background of credit application
In order to meet the needs of the sustainable development of the company’s production and operation, the company and its subsidiaries plan to apply to relevant banks for a comprehensive credit line of no more than RMB 1 billion (including this amount) in 2022.
2、 Details of this credit extension
The comprehensive bank credit line applied by the company and its subsidiaries includes but is not limited to long-term (short-term) loans, acceptance bills, letter of guarantee, letter of credit and other businesses. The credit line is not equal to the financing amount. The actual financing amount will be determined according to the actual needs of the company’s working capital. Within the credit line, the actual financing amount between the bank and the company shall prevail. Within the credit term, the credit line can be recycled. This proposal still needs to be deliberated by the general meeting of shareholders of the company. The comprehensive credit line applied for this time is valid within 12 months from the date of deliberation and approval by the general meeting of shareholders.
3、 Documents for future reference
Resolution of the 12th meeting of the 10th board of directors of the company.
It is hereby announced.
Lonkey Industrial Co.Ltd.Guangzhou(000523) board of directors
April 29, 2002
