China Chunlai (01969) issued an announcement. On January 19, 2024, Shangqiu University (as the recipient) signed a credit line agreement with the Shangqiu Branch of Zhongyuan Bank Co., Ltd. (as the creditor). According to this, the credit grantor has agreed to provide the recipient with a credit line of up to RMB 240 million in principal.
Announcements City, the Group can broaden financing channels, supplement the capital required for its operations, and optimize the Group's debt structure by entering into credit line agreements.