LAIFUAL (03952) plans to apply for a credit facility from financial institutions with a total amount of up to 1.5 billion yuan.

LAIFUAL (03952) announced that the company intends to establish credit agreements with several financial institutions, under which the company plans to apply for a total credit limit of up to RMB 1.5 billion from the financial institutions. The proposed credit limit is intended to be used for (including but not limited to) various business operations such as working capital loans, fixed asset loans, pledged loans, bank acceptances, letters of guarantee, letters of credit, and bill discounting between the company and financial institutions. The specific terms of the proposed credit limit (including any withdrawal amounts and timings) will be finalized only after further discussions and the signing of the credit agreements between the company and the financial institutions. The Board of Directors believes that entering into the proposed credit agreements will be beneficial for the Group, as it will provide additional funds for the Group's further development. The Board further believes that the proposed credit agreements align with the overall interests of the company and its shareholders.