Guangzhou Sie Consulting secures rmb 450m credit facility

Guangzhou Sie Consulting (SZSE:300687) announced that its fourth board of directors, at its ninth meeting on December 5, 2025, unanimously approved the application for a comprehensive credit facility of up to RMB 450 million. This decision, detailed in an announcement dated December 8, 2025 (Announcement No.: 2025-103), aims to ensure the company's continued healthy development and improve its economic efficiency.

This new facility follows a previous approval on December 6, 2024, for a RMB 380 million credit line from China Merchants Bank Foshan Branch and Industrial and Commercial Bank of China Guangzhou Branch, which is nearing its expiry. The board's resolution permits the company's chairman to execute all necessary legal documents related to the facility, which can be utilized by the company and its consolidated subsidiaries within 12 months of approval.

The board meeting, held via telecommunication, saw all seven directors in attendance, with a unanimous vote of seven in favor, zero against, and zero abstentions, confirming the resolution's compliance with corporate governance regulations. The company anticipates this credit line will provide flexible financing, allowing for revolving use, with specific terms and interest rates to be determined by subsequent agreements.