Core Viewpoint - The company, Fangzheng Electric, announced that its wholly-owned subsidiary, Fangde Smart Drive (Shanghai) Electromechanical Technology Co., Ltd., has applied for a credit limit of 215 million yuan from China Construction Bank for the construction of its Shanghai R&D and manufacturing headquarters project [1] Group 1 - The credit application is aimed at financing the construction of the Fangzheng Electric Shanghai R&D and manufacturing headquarters project located in the Anting Town area [1] - The company has provided a maximum guarantee of 215 million yuan for this credit application [1] - Previously, the company had approved a maximum comprehensive credit limit of 2.8 billion yuan for the year 2025, with a maximum comprehensive asset pool credit limit of 1.8 billion yuan, and a proposed guarantee limit not exceeding 2.6 billion yuan, valid for 12 months [1] Group 2 - The current credit application falls within the authorized limits and does not require further review [1] - The credit will be secured by the relevant land and the ongoing construction projects on it [1]
方正电机:全资子公司申请2.15亿元授信额度用于项目建设