Chippeng announced that the company recently received a “Notice of Acceptance of Registration” from the Dealers Association. In order to ensure the successful completion of the initial bond issuance, it plans to increase the comprehensive credit limit of 5 billion yuan to banks and other financial institutions. The credit business includes loans, acceptance notes, etc. The specific amount and period is subject to approval by the financial institution. The authorization is valid from the date of review and approval at the 27th meeting of the 5th board of directors until the 2026 annual shareholders' meeting is held. The voting results for the bill were 7 votes in favor, 0 against, and 0 abstentions.

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