Beijing Compass seeks CNY 100m credit line

Beijing Compass Technology Development (SZSE:300803) announced that its board of directors approved a resolution to apply for a comprehensive credit line of up to CNY 100 million from Beijing Bank's Zhongguancun branch. The credit line, intended for working capital loans and other business needs, will have a term of one year and will be secured via credit guarantee, eliminating the need for collateral. The decision was made during the company's fourteenth board meeting on June 6, 2025. The board has authorized Director and CFO Zheng Yong to handle the application and subsequent financing matters, with the authorization lasting until the credit line expires. The credit line does not represent the company's actual financing amount, and the company will seek financing arrangements within this limit based on actual business needs.