Group 1 - A new company, Zhuzhou Jiucengtai Technology Co., Ltd., has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Wang Wei [1] - The company's business scope includes the sale and manufacturing of metallurgical equipment, electric furnaces, and general machinery [1] Group 2 - The company is also involved in the manufacturing of waste treatment equipment and the research and development of new materials [1] - Additional activities include retail and manufacturing of hardware products, sales of household appliances, and installation services for general machinery [1] - The company is permitted to conduct business activities independently based on its business license, except for projects that require approval [1]

Core Viewpoint - Shantou Huaxing Metallurgical Equipment Co., Ltd. plans to apply for a comprehensive bank credit limit in 2025 to meet financing and operational needs, thereby improving decision-making efficiency [1][3]. Financing Details - The company intends to apply for a total of RMB 160 million from China Minmetals Bank, RMB 120 million from Industrial and Commercial Bank of China, RMB 70 million from China Construction Bank, RMB 50 million from Agricultural Bank of China, RMB 50 million from Bank of China, and RMB 50 million from China Everbright Bank [2]. - Subsidiaries are also applying for additional credit limits, including RMB 10 million from China Minmetals Bank and RMB 1 million from China Everbright Bank by Shantou Huaxing (Raoping) Copper Co., Ltd., and RMB 500,000 from China Minmetals Bank and RMB 1 million from China Everbright Bank by Guangdong Huaxing Heat Exchange Equipment Co., Ltd. [2]. Approval and Impact - The proposed credit limits are not equivalent to the actual financing amounts, which will depend on the company's operational funding needs. The credit limits will be valid for 12 months after approval by the shareholders' meeting [3]. - The application for bank credit limits is expected to positively impact the company's daily operations and future development, aligning with the interests of the company and all shareholders [3].