Pengding Holdings announced that the company held a board meeting on August 11 to review and pass a proposal for wholly-owned subsidiaries to apply for credit lines from banks. Among them, Qingding Precision Electronics Co., Ltd. plans to apply for a credit of RMB 2.4 billion from the Shenzhen branch of China Merchants Bank as an additional amount; the Thai subsidiary will apply for 60 million US dollars, 10 million US dollars, and 11 million US dollars from three banks, including Standard Chartered Bank, respectively, for contract renewals or increases. In the end, based on bank approval, the board of directors authorized Chairman Shen Qingfang or his designated representative to sign the relevant documents.

Pengding Holdings announced that the company held a board meeting on August 11 to review and pass a proposal for wholly-owned subsidiaries to apply for credit lines from banks. Among them, Qingding Precision Electronics Co., Ltd. plans to apply for a credit of RMB 2.4 billion from the Shenzhen branch of China Merchants Bank as an additional amount; the Thai subsidiary will apply for 60 million US dollars, 10 million US dollars, and 11 million US dollars from three banks, including Standard Chartered Bank, respectively, for contract renewals or increases. In the end, based on bank approval, the board of directors authorized Chairman Shen Qingfang or his designated representative to sign the relevant documents.