Jiahua Energy: Intends to apply for a 15 billion credit line and carry out multiple business activities for the year 2026.

date
12/12/2025
Jiahua Energy announced that the 15th meeting of the 10th Board of Directors reviewed multiple proposals. To meet the production and operational needs in 2026, the company plans to apply for a comprehensive credit limit of up to 15 billion yuan from financial institutions, carry out forward foreign exchange transactions of up to 1 billion US dollars, provide financing guarantees of up to 5 billion yuan, and borrowing limit of 3.5 billion yuan. It also plans to manage idle funds of up to 500 million yuan, with expected related party transactions not exceeding 4.299 billion yuan, authorize futures trading of 1 billion yuan, and external donation limit of 5 million yuan. In addition, it plans to absorb and merge its wholly-owned subsidiary, with an expected investment of 150 million yuan in project technological transformation in 2026, and to hold the 2025 third extraordinary general meeting of shareholders on December 29. Some proposals will need to be submitted to the shareholders' meeting for approval.