Pengding Holdings: Subsidiary plans to apply for a credit limit of up to approximately 2.598 billion yuan from the bank.

Pengding Holding announced that the company held a board meeting on August 11, where it approved a proposal for its wholly-owned/subsidiary companies to apply for credit limits from banks. Among them, Qingding Precision Electronics Co., Ltd. plans to apply for a credit line of 2.4 billion yuan from China Merchants Bank Shenzhen Branch, as an additional limit; the Thai subsidiary will apply for 60 million USD, 100 million USD, and 110 million USD from Standard Chartered Bank and two other banks, respectively, as renewals or increases. The final approval is subject to the banks' discretion, and the board has authorized Chairman Shen Qingfang or his designated representative to sign the relevant documents.