Announcement on Application for Financing Quotas by the Company and its Subsidiaries
This announcement is made by Luzhou Holdings Group Co., Ltd. (hereinafter referred to as "the Company") pursuant to the resolution of the twelfth meeting of the seventh session of the Board of Directors.
I. Financing Quota Application Status of the Company and Certain Subsidiaries
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The Company plans to apply for a comprehensive credit line of no more than RMB 500 million from China Everbright Bank Co., Ltd. Xiamen Branch for the Company and its subsidiaries. The Company and its subsidiaries at all levels can apply for its use. The specific applicant company name and amount, and term shall be subject to actual application. When subsidiaries apply for credit lines, the Company shall bear irrevocable joint and several liability guarantee or shall authorize and bear joint and several liability for repayment.
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The Company plans to apply for a group comprehensive credit line of no more than RMB 150 million from China Merchants Bank Co., Ltd. At the same time, with the consent of the bank, subsidiaries can jointly use the above quota, and the Company shall bear irrevocable joint and several liability for repayment.
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The Company plans to apply for a group comprehensive credit line of no more than RMB 900 million from China Construction Bank Corporation Xiamen Branch. At the same time, with the consent of the bank, the Company can authorize subsidiaries to use the above quota, and the Company shall bear irrevocable joint and several liability for repayment.