Securities code: 301011 securities abbreviation: Guangzhou Wahlap Technology Corporation Limited(301011) Announcement No.: 2022-005 Guangzhou Wahlap Technology Corporation Limited(301011)
Announcement on applying to the bank for comprehensive credit line in 2022
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.
Guangzhou Wahlap Technology Corporation Limited(301011) (hereinafter referred to as “the company”) convened the 25th meeting of the second board of directors of the company on January 19, 2022, deliberated and adopted the proposal on applying for comprehensive credit line from banks in 2022, which needs to be submitted to the second extraordinary general meeting of shareholders in 2022 for deliberation. Relevant matters are hereby announced as follows:
1、 Basic information of credit
In order to meet the capital demand for business development of the company and its subsidiaries and further broaden the company’s financing channels, the company plans to apply for a comprehensive credit line with a total amount of no more than RMB 400 million from Industrial And Commercial Bank Of China Limited(601398) , China Merchants Bank Co.Ltd(600036) and other financial institutions in 2022. The purpose of the applied comprehensive credit line includes but is not limited to borrowing, acceptance bill, letter of guarantee, factoring, opening letter of credit Bill discount and other businesses. Within the credit term, the credit line can be recycled. The credit line is not equal to the actual financing amount of the company, and the actual financing amount shall be within the credit line, subject to the actual financing amount between the bank and the company. The above authorization period is 12 months from the date of deliberation and approval by the general meeting of shareholders of the company.
The company requests the general meeting of shareholders to authorize the chairman of the company or his designated authorized agent to handle the company and its subsidiaries’ application for comprehensive credit line from the bank and related specific matters, so as to facilitate the smooth progress of credit application.
2、 Impact on the company
The company’s application for comprehensive credit line from financial institutions is to meet the needs of the company’s development, ensure the needs of the company’s project construction, daily production and operation and working capital turnover, and broaden financing channels. The specific amount will be subject to the actual amount of financing between financial institutions and the company within the credit line, without damaging the interests of the company and all shareholders.
It is hereby announced.
Guangzhou Wahlap Technology Corporation Limited(301011) board of directors
January 19, 2022
