Securities code: 000637 securities abbreviation: Maoming Petro-Chemical Shihua Co.Ltd(000637) Announcement No.: 2022-005 Maoming Petro-Chemical Shihua Co.Ltd(000637)
Announcement on the company’s application to the bank for a credit line of no more than RMB 600 million
The company and all members of the board of directors guarantee that the contents of information disclosure are true, accurate and complete, and there are no false records, misleading statements or major omissions in the announcement.
Maoming Petro-Chemical Shihua Co.Ltd(000637) (hereinafter referred to as “the company”) held the eighth interim meeting of the 11th board of directors on January 24, 2022, and deliberated and adopted the proposal on the company’s application for a credit line of no more than 600 million yuan from the bank.
This proposal still needs to be examined and approved by the first extraordinary general meeting of shareholders in 2022.
1、 Overview of the credit line applied for this time
According to the needs of daily production, operation and business development, to ensure the normal and orderly development of various businesses, the company plans to apply to the cooperative bank for a comprehensive credit line of no more than 600 million yuan (including this amount). The authorization period for the application for the bank’s comprehensive credit line is one year, starting from the date of adoption of the resolution of the general meeting of shareholders deliberating this proposal. Within the authorization period, the credit line can be recycled.
The above credit line is not equal to the actual financing amount. The specific financing amount of the company shall be subject to the actual approval and signed agreement with the bank within the credit line according to the actual needs of the company’s working capital. The company will select the bank that is most beneficial to the company to carry out financing business according to the specific credit conditions. The specific credit bank and credit line can be selected, adjusted or adjusted within the above limit according to the actual needs. The specific credit bank and the corresponding credit line, credit type, credit term and guarantee method shall be subject to the relevant agreement finally signed between the company and the bank. Credit forms include but are not limited to working capital loan, fixed asset loan, M & a project loan, acceptance bill, factoring, letter of guarantee, opening letter of credit, bill discount and other credit businesses.
The asset quality, solvency and credit status of the company in the last three fiscal years are good, and the financing cooperation with banks has a good business foundation. There has been no failure to repay the principal and interest in full and on time.
The company authorizes Ms. fan Hongyan, the chairman of the company, to sign relevant financing, contracts, agreements or other contractual legal documents with the cooperative bank on behalf of the company within the credit line according to the actual business needs of the company.
2、 Impact on the company
The credit line applied by the company this time is the need for the company to realize business development and ensure normal production and operation. Replenishing funds for business development through bank credit financing is conducive to promoting production, operation and business development, which is in line with the interests of the company and all shareholders.
3、 Documents for future reference
Resolution of the 8th extraordinary meeting of the 11th board of directors of the company.
It is hereby announced.
Maoming Petro-Chemical Shihua Co.Ltd(000637) board of directors
January 26, 2022
