Pengding Holdings: The company and its subsidiaries have applied for bank credit lines exceeding 2 billion yuan.

Pengding Holdings announced that the 24th meeting of the third board of directors approved the application for bank credit limit. The company and its wholly-owned/subsidiaries plan to apply for credit from multiple banks, including Agricultural Bank of China Longhua Branch in Shenzhen for 400 million yuan, and Minsheng Bank Shenzhen Branch for 400 million yuan, totaling over 2 billion yuan. The credit includes short-term loans and other credit varieties, subject to final approval from the banks. The board authorized Chairman Shen Qingfang or his designated representative to sign relevant legal documents. The credit is for daily operating credit limit, unsecured, and without significant risks.