GCL Energy Technology (002015): It Plans To Apply For Financing Of RMB 700 Million From Financial Institutions With 20% Equity Pledge Of GCL Smart Energy

GCL energy technology (002015. SZ) announced that on July 30, 2021, the company held the 38th meeting of the seventh board of directors, deliberated and passed the proposal on applying for financing from financial institutions with the equity pledge of holding subsidiaries. The board of directors agreed that the company should provide equity pledge guarantee with 20% equity of GCL smart energy and apply for RMB 700 million financing from financial institutions, It is used to pay part of the transaction price for the acquisition of 10% equity of GCL smart energy, and agrees that GCL smart energy is the co borrower of the above financing matters, with a term of no more than 36 months, subject to the contract signed by both parties.

At the same time, the chairman of the company is authorized to decide the cooperation partner, cooperation mode and other specific matters and sign relevant legal documents within the above approval scope according to the actual situation.