CAMCE(SZ:002051) Zheng Quan Shi Bao·2026-01-21 17:58Meeting Overview - The 16th meeting of the 8th Board of Directors of China National Engineering Corporation was held on January 21, 2026, with 100% attendance of the directors [1][2] Resolutions Passed - The board unanimously approved the proposal to engage in accounts receivable factoring business with a total limit not exceeding RMB 1.6 billion (including equivalent foreign currency) [5][7] - The establishment of the China National Engineering Technology Innovation Center was approved to support the company's transformation into a technology-oriented engineering firm, focusing on environmental protection and smart electromechanical projects [2] - The revision of the company's information disclosure system was approved [2] Factoring Business Details - The factoring business will involve non-recourse accounts receivable, with a total financing amount not exceeding RMB 1.6 billion [5][10] - The financing period will be within 12 months from the date of board approval, with specific terms to be defined in individual contracts [14] - The factoring will not constitute a related party transaction and is within the board's authority, thus not requiring shareholder approval [8][9] Purpose and Impact - Engaging in accounts receivable factoring is expected to enhance cash flow, improve asset liquidity, and support the company's main business development [15] Implementation Measures - The board has authorized the management to make decisions and sign contracts related to the factoring business within the approved limit [16] - The finance department will manage the factoring operations and report any adverse factors to the board [16][17]