Group 1 - The company plans to apply for a credit limit of up to RMB 100 million from a cooperating bank to support its daily operations and business development [1][2] - The credit facility will include loans, trade financing, guarantees, and other credit services, with a maximum term of three years [1] - The credit limit can be used repeatedly within the approved term, and the financing cost will be based on the loan market quotation rate [1][2] Group 2 - The authorization allows the company's legal representative to sign relevant financing contracts and agreements within the approved credit limit [2] - This credit application is essential for the company's business growth and ensuring normal production operations, benefiting the company and all shareholders [2]

Group 1 - The company plans to apply for a credit financing limit of up to RMB 2.8 billion for 2025 to support its business development and daily operations, including various financing methods such as loans and guarantees [2][3] - The company has signed a maximum mortgage contract with Industrial and Commercial Bank of China, providing a maximum guarantee of RMB 142.7 million for debts occurring from May 17, 2019, to May 16, 2025 [2][3] - The mortgage period has been extended to May 16, 2030, through a contract amendment, and this transaction does not constitute a related party transaction or a major asset restructuring [3][4] Group 2 - The company has completed the mortgage registration procedures and obtained the real estate registration certificate, confirming that the mortgaged assets are free from other encumbrances or legal disputes [3] - The mortgage of self-owned assets is aimed at meeting the company's funding needs, and the financial risks associated with this mortgage are considered manageable [3][4] - The company aims to enhance its profitability and optimize its asset-liability structure to effectively mitigate repayment risks [3]