Stock Code: 002300 Stock Abbreviation: Sun Cable Announcement No.: 2026-014
Fujian Nanping Sun Cable Co., Ltd. Announcement on Company's Application for Financing Quota from Financial Institutions
The Company and the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
Fujian Nanping Sun Cable Co., Ltd. (hereinafter referred to as the "Company") held the fifth meeting of the eleventh Board of Directors on April 8, 2026. The meeting deliberated and passed the "Proposal on the Company's Application for Financing Quota from Financial Institutions." It was agreed that the Company and its subsidiaries will apply for a comprehensive credit line not exceeding RMB 5 billion from financial institutions within the period from the date of approval of this matter by the 2025 Annual General Meeting of Shareholders to June 30, 2027, to meet the funding needs for normal operations and future development.
Within the total financing amount, the financing businesses applied for by the Company and its subsidiaries from financial institutions (including but not limited to applying for credit lines, maximum financing quotas, short-term loans, medium-to-long-term loans, opening bank acceptance bills, bank guarantees, letters of credit, short-term financing bills, financial leasing (only through financial institution channels), etc.) will be subject to a total balance control. That is, at any point in time within the validity period, the total balance of financing businesses applied for by the Company and its subsidiaries from all financial institutions (excluding financing businesses that have been performed or settled) shall not exceed the aforementioned total financing amount (including the principal). The financing balance will be calculated on a consolidated basis of the financing liabilities and contingent liabilities actually undertaken by the Company and its subsidiaries for borrowings, bills, guarantees, letters of credit, etc. Within the aforementioned validity period, the Company and its subsidiaries may apply for financing businesses from financial institutions continuously and in a revolving manner.