Securities Code: 002344 Bond Code: 524046. SZ Securities Abbreviation: Haining China Leather City Bond Abbreviation: 24 Haining 01 Announcement No.: 2026-012
Haining China Leather City Co., Ltd. Announcement on Applying for Bank Credit Line
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
Haining China Leather City Co., Ltd. (hereinafter referred to as the "Company" or "this Company") held the eighth meeting of the Sixth Board of Directors on April 8, 2025, and reviewed and approved the "Proposal on Applying for Bank Credit Line." It was agreed that the Company would apply for a comprehensive bank credit line totaling no more than RMB 4 billion from banks of various types. (Excluding the comprehensive credit line business applied for by the Company at Jiaxing Bank Co., Ltd., which was reviewed and approved by the sixth meeting of the Sixth Board of Directors and the first extraordinary general meeting of shareholders in 2024, as detailed in the "Announcement on Related Party Transactions with Jiaxing Bank Co., Ltd." published on the designated information disclosure media on August 28, 2024, Announcement No.: 2024-022). The credit period will end on the date of the 2025 annual shareholders' meeting.
As the aforementioned credit line is about to expire, and to meet the needs of the Company's daily production, operation, and business expansion, while maintaining the stability and flexibility of the Company's capital chain, the Company held the sixteenth meeting of the Sixth Board of Directors on April 14, 2026, and reviewed and approved the "Proposal on Applying for Bank Credit Line." It is proposed to continue to apply for a comprehensive bank credit line of no more than RMB 4 billion from banks of various types (excluding the comprehensive credit line business applied for by the Company at Jiaxing Bank Co., Ltd.). This matter does not constitute a related party transaction and requires approval from the Company's shareholders' meeting.