Phoenix Bamboo Textile (600493): No More Than 300 Million Yuan For Financing.

600493.SH announced that the company held the sixth meeting of the seventh board of directors in June 29, 2020 to consider and adopt the motion on financing for application: for the company's need to reduce the financing cost, the company applied for financing business through the Fujian branch of Quanzhou industrial transformation investment fund (limited partnership) (the provincial Technical Transformation Fund) through the Limited by Share Ltd branch of Xingye Bank. The amount of financing is not more than RMB 300 million yuan, with a duration of 48 months, and the financing interest rate is not more than 3%. It is mainly used for the construction of the Anton relocation project and the related loans of subsidiaries affiliated to the project. The above financing businesses, when operating in specific ways, authorize the chairman to sign relevant legal documents concerning business dealings with the above parties.