Stock Code: 002425 Stock Abbreviation: Kaisar Culture Announcement No.: 2026-013
Kaisar (China) Culture Co., Ltd.
Announcement on Applying for Total Credit Line from Banks and Non-Bank Financial Institutions
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
Kaisar (China) Culture Co., Ltd. (hereinafter referred to as the "Company") at its 22nd meeting of the 8th Board of Directors held on April 23, 2026, deliberated and approved the "Proposal on Applying for a Total Credit Line from Banks and Non-Bank Financial Institutions." Based on the Company's development and operational needs, the Company (including its holding subsidiaries) plans to apply for a total credit line of no more than RMB 400 million or its equivalent in foreign currency from various banks and non-bank financial institutions (including previously applied, unexpired credit lines). This credit line can be used cyclically and by the Company and its holding subsidiaries. This total credit line does not represent the Company's financing amount; the specific financing amount will be determined based on the actual funding needs of the Company's operations.
Within the aforementioned limit, the Board of Directors is requested to authorize the Chairman of the Board (or their authorized representative) to decide on the specific credit line to be applied for from each bank and non-bank financial institution within the above credit line, and to sign the relevant contracts, agreements, and other legal documents related to the financing within the credit line on behalf of the Company. The authorization period shall be from the date the proposal is deliberated and approved by the 2025 Annual Board of Directors meeting until the date of the 2026 Annual Board of Directors meeting.