Announcement on Company and Subsidiaries Applying for Bank Credit Line
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and do not contain any false records, misleading statements, or major omissions.
Shandong Xintong Electronics Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the fifth Board of Directors on April 23, 2026. The meeting deliberated and passed the "Proposal on the Company and its Subsidiaries Applying for Bank Credit Line," agreeing that the Company and its wholly-owned subsidiaries plan to apply to banks for a comprehensive credit line of no more than RMB 1.2 billion (inclusive). This proposal needs to be submitted to the Company's shareholders' meeting for deliberation. The relevant situation is hereby announced as follows:
I. Basic Situation of Applying for Bank Credit Line
To meet the capital needs for production, operation, and business development, the Company and its subsidiaries plan to apply to banks for a comprehensive credit line of no more than RMB 1.2 billion (inclusive, subject to the final credit line approved by the relevant banks) in 2026. The specific commercial banks and financing amounts will be determined based on factors such as interest rates from relevant banks and the actual capital needs of the Company's operations, and will not exceed the aforementioned credit line. The specific uses of this credit line include, but are not limited to, bank loans, bank acceptance bills, commercial acceptance bills, letters of credit, bank guarantees, entrusted loans, and other comprehensive services. The financing period, interest rate, and type will be subject to the signed contracts. The Company may provide collateral or pledge its own assets as security for the credit line as appropriate. The validity period is within twelve months from the date the shareholders' meeting resolution is passed. Within the aforementioned period, the credit line can be used repeatedly.