Stock Code: 002358 Stock Abbreviation: Senyuan Electric Announcement No.: 2026-008 Henan Senyuan Electric Co., Ltd. Announcement on Application for Comprehensive Credit Limit
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Henan Senyuan Electric Co., Ltd. (hereinafter referred to as "Senyuan Electric" or the "Company") held the ninth meeting of the eighth Board of Directors on April 28, 2026, and reviewed and approved the "Proposal on Application for Comprehensive Credit Limit."
The specific details are hereby announced as follows:
To ensure the capital required for daily operations and business development, actively broaden funding channels, supplement working capital, and enhance sustainable development capabilities, the Company plans in 2026 to apply for a comprehensive credit limit of no more than RMB 3.5 billion from financial institutions and quasi-financial institutions such as the Changge Branch of Industrial Bank Co., Ltd., the Changge Branch of Bank of China Co., Ltd., and the Changge Branch of China Construction Bank Co., Ltd. The scope of the comprehensive credit limit includes, but is not limited to, working capital loans, trust financing, financial leasing, factoring, and supply chain finance.
The aforementioned credit period is one year, calculated from the date of approval by the annual shareholders' meeting in 2025. The Board of Directors hereby requests the shareholders' meeting to authorize the Company's legal representative or their authorized agent to handle relevant matters and sign relevant legal documents on behalf of the Company within the aforementioned credit limit. The final credit limit of the Company is subject to the actual approval results, and the specific financing amount will be determined based on the actual demand for the Company's operating funds.