Huibai New Materials: The maximum comprehensive credit quota to apply to the bank is not more than 80 million yuan

On July 19, 2022, the New Third Board Enterprise Huibai New Materials (832862.NQ) issued an announcement on applying for bank credit and affiliated transactions.

The announcement shows that the comprehensive credit amount applied for the company in Shanghai Jiading Sub -branch of China Agricultural Bank of China in 2021 has expired RMB 29 million in July 2, 2022.

The current company intends to apply for a new one -year comprehensive credit limit for the newly applied for the newly applied for the newly applied for the newly applied for the newly applied for a newly comprehensive credit amount (including 80 million yuan), which is used to handle various financing businesses, including but not limited to bank acceptance bills Cashful, open bank acceptance bills, guarantee letters, liquid fund loans, and open letter of credit.

The comprehensive credit quota is provided by the company's actual controller Mr. Yang Yujing. At the same time, the company's affiliate Shanghai Huitai Paper Co., Ltd. provides real estate mortgage guarantees.

The actual controller of Shanghai Huitai Paper Co., Ltd. is Mr. You Zhonghua, one of the actual controller of the company and one of the actual controller, is the company's related parties. The specific credit scheme is subject to the results of the bank's actual approval.

The eleventh meeting of the third board of directors held by the company on July 15, 2022 reviewed and approved the "Proposal about the company's intended to apply for a credit quota to the Agricultural Bank of China Shanghai Jiading Sub -branch and provide the actual controller of the company and the company's actual controller". Essence

Huibai New Materials said that this related parties provide guarantee for the company, which is a normal financing guarantee behavior to meet the company's operating needs and increase capital liquidity, which is reasonable and necessary. This related party provides credit guarantees and real estate mortgage guarantees for the company's bank credit, which is conducive to improving the company's financial status and the development of daily operations. There is no situation of damage to the interests of listed companies and other shareholders, and will not affect the company's independence.

This time the company's actual controller Yang Yujing provides personal credit guarantee for the company's comprehensive credit amount to the company's Shanghai Jiading Sub -branch. The situation that harms the interests of the company and other shareholders does not violate relevant pricing policies.

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