Core Viewpoint - Ningbo Fuda Co., Ltd. has approved a proposal to engage in reverse factoring supply chain finance with banks to alleviate financial pressure on its cement segment [1][2][3] Group 1: Board Resolutions - The 14th meeting of the 11th Board of Directors was held in compliance with the Company Law and Articles of Association, with all resolutions deemed legal and effective [1] - The board approved the adjustment of members in certain specialized committees [1] - The board also approved a proposal to provide guarantees for its subsidiaries in relation to reverse factoring supply chain finance [2][3] Group 2: Financial Details - The company plans to apply for a total credit limit of up to 200 million yuan from Hangzhou Bank, with 80 million yuan allocated specifically for reverse non-recourse factoring [2] - The reverse factoring financing will be distributed to subsidiaries, with 30 million yuan allocated to Mengzi Yingzhou Cement Co., Ltd. and 50 million yuan to Xinpingshan Yingzhou Cement Co., Ltd. [2] - The total amount of joint repayment liability for the company will not exceed 80 million yuan [2]