Core Points - The company and its subsidiaries plan to apply for a total credit limit of up to RMB 500,000 million from financial institutions for the year 2025 [1][2] - The proposal has been approved by the company's fifth board of directors and the supervisory board, and it will be submitted for approval at the 2024 annual shareholders' meeting [1] - The credit limit will be used for various financing needs, including but not limited to working capital loans, medium to long-term borrowings, bank acceptance bills, and letters of credit [1] Summary by Sections - **Credit Limit Details** - The total credit limit for 2025 is set at a maximum of RMB 500,000 million [1] - The actual financing amount will depend on the final approval from financial institutions and the company's operational funding needs [2] - **Approval Process** - The proposal has been approved by the fifth board of directors and the supervisory board [1] - It will be presented for approval at the upcoming 2024 annual shareholders' meeting [1] - **Usage of Credit Limit** - The credit limit will be utilized for various financial activities, including working capital loans and other credit-related services [1]