Suzhou Shiming Technology Co., Ltd. (hereinafter referred to as "the Company" or "Shiming Technology") held the 18th meeting of the 5th Board of Directors on March 19, 2026, and approved the proposal regarding the Company's and subsidiaries' application for comprehensive credit from banks, the establishment of a bill pool, and the expected external guarantee limits. This proposal is subject to approval at the Company's 2025 annual general meeting of shareholders. The relevant details are announced as follows:
I. Overview of the Application for Comprehensive Credit from Banks
To meet production, operation, and development needs, the Company and its subsidiaries expect to apply for a comprehensive credit limit of no more than 1.2 billion RMB from banks and other financial institutions in 2026. The types of comprehensive credit applied for include, but are not limited to, working capital loans, fixed asset investment loans, letters of credit, and guarantees. The final comprehensive credit limit will be subject to the actual approval by the relevant banks and does not equate to the actual financing amount of the Company and its subsidiaries. The actual financing amount shall be within the comprehensive credit limit, based on the financing amounts actually incurred between the banks and the Company and its subsidiaries. The comprehensive credit limit is valid for 12 months from the date of approval at the 2025 annual general meeting of shareholders, and the limit can be reused within this period. To facilitate the smooth application for credit limits and guarantees, the Company's Board of Directors proposes that the shareholders' meeting authorize the Chairman to implement specific financing and guarantee actions based on funding needs and actual operational requirements, representing the Company in signing all legal documents within the aforementioned credit limit (including but not limited to credit, loans, guarantees, account opening, account closing, and other related contracts, agreements, and documents).
II. Bill Pool Business Operations
Due to the development needs of the Company's business operations, the Company and its subsidiaries plan to engage in bill pool business with various commercial banks (including group bill pools). The specific details are as follows: The Company and all members of the Board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.