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Re: PayMEmf post# 193482

Wednesday, 06/17/2020 11:38:12 AM

Wednesday, June 17, 2020 11:38:12 AM

Post# of 232658
Thanks Pay.

1. "Proposal on the company applying to the Guangdong Branch of China Construction Bank Co., Ltd. for a credit line not exceeding RMB 300 million and RMB 10 million"
In order to ensure the company's production and operation and working capital turnover needs, the company plans to apply to the Guangdong Branch of China Construction Bank Co., Ltd. for a credit line of no more than RMB 300 million. The business scope includes but is not limited to working capital loans, and the effective period is 24 Months.

- So about $42,000,000 in short term working capital for operations. This definitely portends to an expected SURGE in production and customer orders.
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