Company Code: 002058 Company Abbreviation: *ST威尔 Announcement No.: 2025-060
Shanghai Weiertai Industrial Automation Co., Ltd. Announcement on Applying for Comprehensive Credit Line from Banks
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Shanghai Weiertai Industrial Automation Co., Ltd. (hereinafter referred to as the "Company") held the eleventh (extraordinary) meeting of the ninth board of directors on November 18, 2025, which reviewed and unanimously passed the "Proposal on Applying for Comprehensive Credit Line from Banks." To meet the needs of production, operation, and business development, the company will apply for a comprehensive credit line of RMB 20 million and RMB 10 million from Ningbo Bank Shanghai Branch and Bank of Beijing Shanghai Branch, respectively. The credit line will be in the form of working capital loans. The credit line amount does not represent the actual amount of financing. The specific financing amount, loan amount, loan term, loan interest rate, and other matters will be determined by the company within the credit line based on the company's needs and the contract signed between the company and the bank. The credit period is tentatively set at 1 year.
The company's application for a comprehensive credit line from banks is for the needs of the company's production, operation, and business development. It will have a positive impact on the company's daily operations. Through the financing method of bank credit, the company can further broaden its financing channels, which is beneficial for improving the company's financial condition and promoting the company's business development, and is in the interest of the company and all shareholders.