RIKE CHEM(SZ:300214) Zheng Quan Zhi Xing·2025-06-18 13:12Core Viewpoint - The company plans to apply for a total credit limit of up to RMB 2.5 billion from banks and an additional credit limit of up to RMB 500 million from financing leasing institutions to ensure sufficient liquidity for its operations [1][2]. Group 1 - The company held its sixth board meeting on April 17, 2025, and approved the proposal to apply for a comprehensive credit limit from banks at the annual shareholders' meeting on May 15, 2025 [1]. - The total credit amount from banks will not exceed RMB 2.5 billion, with the specific financing amount determined by the actual operational needs of the company and its subsidiaries [1]. - The validity period for the approved credit limit is from the date of approval at the 2024 annual shareholders' meeting until the 2025 annual shareholders' meeting [1]. Group 2 - The company intends to apply for a comprehensive credit limit of up to RMB 500 million from financing leasing institutions, with a term of one year [2]. - The specific financing products include but are not limited to short-term working capital loans, bank acceptance bills, domestic letters of credit, and trade financing [2]. - The company's wholly-owned subsidiary, Shandong Rike Rubber and Plastic Technology Co., Ltd., will provide joint liability guarantee for the bank and financing leasing credit business, with a limit not exceeding RMB 1 billion [2].