002426SZSE

Announcement on Carrying Out Asset Pool Business

✨ AI Summary

Suzhou Victory Precision Manufacturing Technology Co., Ltd. will launch an asset pool business with partner banks to manage and utilize existing assets like certificates of deposit, bills, and receivables. The business aims to improve asset utilization, reduce financing costs, and enhance shareholder value, with a total credit line of RMB 500 million. The initiative is expected to improve the company's financing capabilities and overall asset quality.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Securities Code: 002426 Securities Abbreviation: Victory Precision Announcement No.: 2026-012 Suzhou Victory Precision Manufacturing Technology Co., Ltd. Announcement on Carrying Out Asset Pool Business The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or significant omissions. To effectively manage company assets, revitalize existing assets, and improve the efficiency of liquid asset utilization, Suzhou Victory Precision Manufacturing Technology Co., Ltd. (hereinafter referred to as the "Company" or "Victory Precision") deliberated and passed the "Proposal on Carrying Out Asset Pool Business" at the 21st meeting of the Sixth Board of Directors held on April 24, 2026. It was agreed that the Company and its subsidiaries would carry out asset pool business with an aggregate immediate balance not exceeding RMB 500 million, with a term of 12 months from the date of approval by the Company's shareholders' meeting. I. Basic Information

  1. Business Overview Asset pool business refers to a comprehensive financial service platform provided by a partner bank to meet the Company's needs for unified management and utilization of its assets, integrating asset management and financing services. It is the main vehicle for banks to provide liquidity services to enterprises. The partner bank relies on the asset pool platform to conduct businesses and services such as financial asset pooling, unpooling, and pledge financing for the enterprise or enterprise group. Assets pooled into the asset pool refer to the rights or liquid assets legally held by the Company that are pledged to the partner bank for management or entry into the asset pool, including but not limited to certificates of deposit, acceptance bills, letters of credit, wealth management products, and accounts receivable. Bill pool business under the asset pool refers to the comprehensive bill management services provided by the partner bank to meet the needs of enterprise customers for unified management and coordinated use of their held bills, including bill custody and collection, bill pledge pool financing (including but not limited to bill issuance, loans, guarantees, and other financing matters), bill discounting, bill agency inquiry, and business statistics.
  2. Partner Bank The partner bank for the proposed asset pool business will be a commercial bank with good credit standing in China. The specific partner bank w

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.