HongTao Co., Ltd. (002325.SZ) signed a financing line agreement of 300 million yuan with Ping An Bank Shenzhen Branch

Zhitong Finance APP News, Hongtao Shares (002325.SZ) issued an announcement that the 15th meeting of the fifth board of directors held by the company on April 27, 2021 deliberated and passed the "Proposal on Applying for a Comprehensive Credit Line from the Bank", and agreed that the company applied for a comprehensive credit line of RMB 5 billion from the bank, and the above credit line is not equal to the actual financing amount of the company, and the actual financing amount should be subject to the actual financing amount between the company and the bank within the credit line.

Now according to the actual situation, the company will sign a financing quota agreement of 300 million yuan with the Shenzhen branch of Ping An Bank Co., Ltd., and use its own assets (Shenzhen Hongtao Group Co., Ltd. under the name of Shenzhen Luohu District Nigang West Road Hongtao Company single dormitory, Luohu District Nigang West Road Nigang Village Office Complex Building on the first floor, Luohu District Nigang West Road Nigang Village Office Complex Building on the second floor, Luohu District Nigang West Road Nigang Village Office Complex Building on the third floor, Luohu District Nigang West Road Nigang Village Office Complex Building on the fourth floor, Luohu District Nigang West Road Nigang Village Office Complex Building on the fifth floor) to provide mortgage guarantees, subsidiary Shenzhen Hongtao Decoration Industrial Park Co., Ltd. to provide joint and several liability guarantees, the specific amount of financing is subject to the actual amount incurred. The term is valid for one year from the date of signing the contract.