According to an announcement from E-COMMODITIES (01733), its wholly-owned subsidiary Hainan Fuduo Da Supply Chain Management Co., Ltd. (Hainan Fuduo Da) has entered into a credit facility agreement (Hainan Fuduo Da Credit Agreement) and related guarantee documents with the Bank of China, Yangpu Branch (the Bank). The Bank has agreed to provide Hainan Fuduo Da with a credit facility not exceeding RMB 1.6 billion, effective from October 20, 2025, to August 27, 2026. This credit facility will be utilized for trade financing, issuing banker's acceptances, and other activities as outlined in the Hainan Fuduo Da Credit Agreement. In light of the Bank providing credit to Hainan Fuduo Da based on this agreement, E-COMMODITIES has agreed to offer a corporate guarantee of up to RMB 600 million (Hainan Fuduo Da Corporate Guarantee) to the Bank, effective from October 20, 2025, to December 31, 2030. This guarantee will secure Hainan Fuduo Da's fulfillment of all its obligations under the Hainan Fuduo Da Credit Agreement. Given the ongoing optimization of national financing policies and increased support from financial institutions, the Board believes that the establishment of the Hainan Fuduo Da Credit Agreement and related guarantee documents is expected to provide additional funding channels to strengthen Hainan Fuduo Da's cash flow, which is advantageous for the Group.
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