Chongqing International Composite Materials Co., Ltd. (hereinafter referred to as "the Company") held the 15th meeting of the 3rd Board of Directors on April 22, 2026, where it reviewed and approved the proposal regarding the application for a comprehensive credit limit for the Company and its wholly-owned and controlling subsidiaries for 2026. The Company and its wholly-owned and controlling subsidiaries are authorized to apply to banks and other financial institutions for a total comprehensive credit limit not exceeding RMB 24.375 billion (or equivalent foreign currency). This proposal is subject to approval by the shareholders' meeting.
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Announcement on the Company's and Its Wholly-Owned and Controlling Subsidiaries' Application for Comprehensive Credit Limits for 2026
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Chongqing International Composite Materials Co., Ltd. plans to apply for a comprehensive credit limit of up to RMB 24.375 billion for 2026. This proposal was approved by the board on April 22, 2026, and will be submitted for shareholder approval. The credit will support the company's operational and developmental funding needs, with various forms of credit available.
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