Stock Code: 000021 Stock Abbreviation: Shenzhen Technology Announcement Code: 2026-012 Shenzhen Great Wall Development Technology Co., Ltd. Announcement Regarding Application for a Comprehensive Credit Line from a Bank The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Definitions:
"This Company/Shenzhen Technology": Shenzhen Great Wall Development Technology Co., Ltd.
"Shenzhen Technology Suzhou": Suzhou Great Wall Development Technology Co., Ltd., a wholly-owned subsidiary of this Company.
"Shenzhen Technology Dongguan": Dongguan Great Wall Development Technology Co., Ltd., a wholly-owned subsidiary of this Company.
"Shenzhen Technology Hong Kong": Development Technology (Hong Kong) Limited, a wholly-owned subsidiary of this Company.
"Shenzhen Technology Chengdu" or "Development Technology": Chengdu Great Wall Development Technology Co., Ltd., a 50.40% owned subsidiary of this Company.
"Shenzhen Peiton": Peiton Technology (Shenzhen) Co., Ltd., a wholly-owned subsidiary of this Company.
"Hefei Peiton Storage": Hefei Peiton Storage Technology Co., Ltd., a 55.88% owned subsidiary of this Company.
"Shenzhen Technology Precision": Shenzhen Great Wall Development Precision Technology Co., Ltd., a wholly-owned subsidiary of this Company.
"Shenzhen Technology Guilin": Guilin Shenzhen Technology Co., Ltd., a 48% owned subsidiary of this Company.
I. Overview of Comprehensive Credit Line
(I) Application for Comprehensive Credit Line by the Company and its Holding Subsidiaries
Based on the company's business development and the need to reduce the cost of capital, the company (including its holding subsidiaries and investee companies) intends to apply for a comprehensive credit line of approximately RMB 20.281 billion from banks to meet the company's working capital needs. The specific details are as follows:
- Shenzhen Great Wall Development Technology Co., Ltd. intends to apply for a comprehensive credit line of RMB 5.4 billion from banks, specifically as follows:
(1) Applying for a comprehensive credit line equivalent to RMB 200 million from the Shenzhen Branch of Bank of Communications Co., Ltd., with a validity period not exceeding two years.
(2) Applying for a comprehensive credit line equivalent to RMB 500 million from the Shenzhen Branch of Bank of Beijing Co., Ltd., with a validity period not exceeding two years. (3) Apply for a comprehensive credit line equivalent to RMB 2 billion from the Shenzhen Branch of the Export-Import Bank of China, with a validity period not exceeding two years.
(4) Apply for a comprehensive credit line equivalent to RMB 600 million from the Shenzhen Branch of Postal Savings Bank of China, with a validity period not exceeding two years.
(5) Apply for a comprehensive credit line equivalent to RMB 500 million from the Shenzhen Branch of Bank of China, with a validity period not exceeding two years.
(6) Apply for a comprehensive credit line equivalent to RMB 600 million from the Shenzhen Branch of Huaxia Bank, with a validity period not exceeding two years.
(7) Apply for a comprehensive credit line equivalent to RMB 500 million from the Shenzhen Branch of China Minsheng Bank, with a validity period not exceeding two years.