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- Announcement on behalf of the subsidiary planning to apply for a credit line to invest the US dollar bonds issued by financial institutions.
2023-12-27
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Announcement on behalf of the subsidiary planning to apply for a credit line to invest the US dollar bonds issued by financial institutions.
Subject：Announcement on behalf of the subsidiary planning to apply for a credit line to invest the US dollar bonds issued by financial institutions.
To which item it meets：paragraph 51
Date of events： 2023/12/27
Statement:
1.Date of occurrence of the event:2023/12/27
2.Company name:Sinyi International Limited
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:100% directly owned by the Company
5.Cause of occurrence: Sinyi International Limited(hereinafter referred to as Sinyi International), a subsidiary 100% directly owned by the Company plans to invest in U.S. dollar preferred senior bonds with duration no more than 5 years issued by financial institutions with a S&P credit rating of A- or above and the yield to maturity being higher than annual USD time deposit interest rate. The Company's board of directors authorized the Chairperson of the Company to approve the operation of obtaining financial bond contracts in a transaction amount no more than US$26,000 thousand.
6.Countermeasures:not applicable
7.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): none.
To which item it meets：paragraph 51
Date of events： 2023/12/27
Statement:
1.Date of occurrence of the event:2023/12/27
2.Company name:Sinyi International Limited
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:100% directly owned by the Company
5.Cause of occurrence: Sinyi International Limited(hereinafter referred to as Sinyi International), a subsidiary 100% directly owned by the Company plans to invest in U.S. dollar preferred senior bonds with duration no more than 5 years issued by financial institutions with a S&P credit rating of A- or above and the yield to maturity being higher than annual USD time deposit interest rate. The Company's board of directors authorized the Chairperson of the Company to approve the operation of obtaining financial bond contracts in a transaction amount no more than US$26,000 thousand.
6.Countermeasures:not applicable
7.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): none.