The board of directors of Tongyuan Petroleum passed a resolution to apply for a comprehensive credit line of RMB 200 million from Ping An Bank.

The 20th meeting of the eighth board of directors of Tongyuan Petroleum Technology Group Co., Ltd. was held on July 21, 2025, using a combination of on-site and remote communication voting methods. The meeting was chaired by Chairman Ren Yanzhong, with all 5 directors in attendance. The meeting procedures complied with relevant laws and the company's articles of association. The meeting approved the motion on "Applying for comprehensive credit from financial institutions." In order to meet the production and operation needs and supplement working capital, the company plans to apply for a comprehensive credit of 200 million yuan from the Xi'an branch of Ping An Bank, with a term not exceeding 12 months. The wholly-owned subsidiary, Xi'an Huacheng Petroleum Technology Service Co., Ltd., will provide joint liability guarantees for a portion of the exposure. The actual financing amount and term are subject to final approval by the bank.