Hainan Drinda strengthens finances, governance for 2026 with new credit lines

Hainan Drinda Automotive Trim announced plans for 2026, including a 14 bn yuan total guarantee limit for the company and its subsidiaries to support operations and growth. This includes guarantees for wholly-owned subsidiaries like Raoping Jietai New Energy Technology Co., Ltd., and applies to various financial activities. Concurrently, the company aims to secure a comprehensive credit line of up to 15 bn yuan from financial institutions to boost working capital and liquidity.

The board of directors also approved the use of up to 2 bn yuan in idle self-owned funds for cash management, investing in high-security, high-liquidity products with terms not exceeding 12 months. This is to enhance capital efficiency and increase returns. These financial measures are subject to shareholder approval at the Fourth Interim Shareholders' Meeting on December 24, 2025.

In parallel, Hainan Drinda is updating its corporate governance framework, revising nine key policies including rules for shareholder and board meetings, capital raising, external guarantees, and investor relations. These revisions, some requiring shareholder approval, align with regulatory requirements and reflect the company's commitment to robust internal controls and efficient operational management.