Xinzhu Road&Bridge subsidiaries seek bank credit lines

Chengdu Xinzhu Road&Bridge Machinery (SZSE:002480) disclosed that its wholly-owned subsidiary, Chengdu Xinzhu Transportation Technology, intends to apply for a credit line not exceeding RMB 30 million from Bank of Chengdu. Additionally, the company's controlling subsidiary, Sichuan Shengtian New Energy Development, plans to apply for credit lines totaling up to RMB 100 million from China Construction Bank and Postal Savings Bank of China, with the aim of supplementing working capital and refinancing existing loans. The credit facilities, intended to support general operations and expansion, are subject to shareholder approval and final agreements with the banks. Shengtian New Energy is the main subsidiary for solar energy projects. The announcement was made following the company's eighth board meeting on February 14, 2025.