Huatong Group: Intends to carry out financing leasing business with a financing amount not exceeding 440 million yuan.

Huatong Group announced on April 2nd that the company and its subsidiaries plan to use a portion of production lines and equipment for financial leasing business with a qualified financial leasing company that has no affiliation through post-sale and leaseback method. The financing amount shall not exceed 440 million yuan, and the financing period shall not exceed 3 years. The authorization period is valid for one year from the date of the approval by the company's board of directors, and within the authorization period, the credit limit can be used on a revolving basis.