INFINITIES TECH (01961) agrees that its subsidiary will apply for a credit total of 3 million to 15 million RMB with a mainland state-owned commercial bank.
Tong Niu Technology (01961) announced that, based on market conditions and the long-term development of the company, the board of directors has authorized the group's management team and business departments to actively expand deep financial cooperation with various banks. By steadily promoting liquidity loans, letter of credit financing, and other diversified businesses, the company will further optimize its financial structure, ensure the liquidity of operating funds, comprehensively enhance the company's risk resistance capacity and long-term operational stability, and lay a solid financial foundation for sustainable development.
INFINITIES TECH (01961) announced that, based on market conditions and long-term development considerations, the board of directors has authorized the management team and business departments of the group to actively expand deep financial cooperation with various banks. This includes steadily advancing liquidity loans, letter of credit financing, and other diversified businesses to further optimize the company's financial structure and ensure operational liquidity. This will enhance the company's risk resistance and stability in long-term operations, laying a solid financial foundation for sustainable development.
The company hereby announces its approval for its wholly-owned subsidiary, Guangzhou Jiuzun Interactive Technology Development Co., Ltd., to apply for a credit line of no less than 3 million RMB and no more than 15 million RMB with mainland China state-owned commercial banks. The subsidiary Chengdu ZhiLe Interactive Technology Co., Ltd. (controlled by agreement) will provide a joint and several guarantee for this credit line. The credit will only be used for the borrower's daily operational funds and not for any other purposes.
Through the loan agreement, the group aims to enhance the borrower's operational funds to support its core business. This loan will also help the group expand its financing channels, supplement the funds needed for operations, and optimize its debt structure.
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