Xin Lang Cai Jing·2025-09-19 07:51Core Viewpoint - The company plans to pledge up to 900 million yuan of accounts receivable to Zheshang Bank Hangzhou Branch for financing purposes, which will support business development and optimize financial structure [1] Financing Details - The pledged amount of 900 million yuan can be reused and is valid for one year from the date of approval by the board of directors [1] - The financing is intended to meet the company's daily funding needs and reduce financing costs [1] Corporate Governance - The proposal was approved during the 18th meeting of the company's fifth board of directors, falling within the board's approval authority [1] - Zheshang Bank Hangzhou Branch has a good credit rating and no other relationship with the company [1]