The short-term financing bills issued by the company will be held by China Merchants Bank as the lead underwriter, and the lead underwriters will organize the underwriting group to underwrite the company by way of balance underwriting. The funds raised by the company's issuance of short-term financing bills will be used for the company's production and business activities, including but not limited to repaying bank loans and supplementing the company's working capital.
Fuyao Glass announced on the same day that the company’s board of directors agreed to apply for a comprehensive credit line of US$60 million or other equivalent currency to Citibank (China) Co., Ltd. Guangzhou Branch.
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