Yuexiu Capital board approves 2026 financial initiatives, CNY120 bn credit line

Guangzhou Yuexiu Capital Holding Group (SZSE:000987) held its 30th board meeting of the tenth board of directors, with all 12 directors participating remotely. The meeting concluded on December 1, 2025. The board approved several key proposals for the 2026 fiscal year, including the estimated daily related-party transactions, the estimated external guarantee limit, and the comprehensive credit line application.

The board approved the 2026 estimated daily related-party transactions with 7 votes in favor, 0 against, and 0 abstentions, with five related directors abstaining. This resolution, pre-approved by the Audit Committee and independent directors, is scheduled for shareholder approval at the company's sixth extraordinary general meeting in 2025. Similarly, the 2026 estimated external guarantee limit was approved with 8 votes in favor, 0 against, and 0 abstentions, with related directors abstaining. This will also proceed to the sixth extraordinary general meeting.

Furthermore, the board unanimously approved the application for a comprehensive credit line of up to CNY120 bn for 2026, aimed at meeting operational needs and diversifying financing channels. This facility will support various business activities, including working capital loans, trust financing, and financial leasing. The board also passed resolutions concerning the issuance of bonds and asset-backed securities by the company and its subsidiaries, related-party loans to associated entities, and financial assistance to controlled subsidiaries, all of which will be put to the shareholders at the upcoming extraordinary general meeting on December 18, 2025.