An announcement has been issued by LVJI TECH (01745) regarding a credit agreement. The company's wholly-owned subsidiary, Guangzhou LVJI International Travel Agency Co., Ltd., has entered into a credit facility agreement with Guangzhou Bank Co., Ltd. Yuexiu Sub-branch.
The agreement establishes a working capital loan facility with a credit limit of RMB 20 million, which includes the equivalent amount in foreign currency.
The board of directors views the execution of this credit agreement as beneficial to the group. This move is seen as providing additional funding to support the daily operational needs of the company's business.
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