001301SZSE

Announcement on Increasing the Credit Limit for Shijiazhuang Shangtai Technology Co., Ltd. and its Subsidiaries to Banks and Financial Institutions for 2026

✨ AI Summary

Shijiazhuang Shangtai Technology Co., Ltd. proposes to increase its comprehensive credit line by RMB 2 billion to RMB 8 billion to meet growing capital needs for production expansion and daily operations. This increase aims to reduce financing costs and improve capital efficiency. The credit line will be used for various financing activities, including trade finance and working capital loans, and will be valid for 12 months from shareholder approval.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Securities Code: 001301 Securities Abbreviation: Shangtai Technology Announcement No.: 2026-047 Convertible Bond Code: 127112 Convertible Bond Abbreviation: Shangtai Convertible Bond

Shijiazhuang Shangtai Technology Co., Ltd.

Announcement on Increasing the Credit Limit for 2026 for the Company, Subsidiaries, and Grand-Subsidiaries to Apply for Comprehensive Credit from Banks and Other Financial Institutions

The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

Shijiazhuang Shangtai Technology Co., Ltd. (hereinafter referred to as the "Company") held the 29th meeting of the Second Board of Directors on April 27, 2026. The meeting deliberated and passed the "Proposal on Increasing the Comprehensive Credit Limit for 2026 for the Company, Subsidiaries, and Grand-Subsidiaries to Apply for Comprehensive Credit from Banks and Other Financial Institutions." This proposal needs to be submitted to the shareholders' meeting for deliberation. The specific matters are announced as follows:

I. Approved Credit Limit Situation

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.