Shanghai Longcheer Technology Co., Ltd. (Longcheer) will ask shareholders to authorise the Board to register and issue debt financing instruments of up to RMB3.00 billion at an extraordinary general meeting scheduled for 22 June 2026 in Shanghai.

The proposed programme covers multiple products recognised by the National Association of Financial Market Institutional Investors (NAFMII)—including ultra short-term financing bills, short-term financing bills, mid-term notes and private placement instruments—and may be launched in single or multiple tranches within the regulator-approved quota and validity period.

Key parameters will be set according to market conditions: interest rates will be market-determined, maturities may be single- or multi-tenor, and issuances will target qualified institutional investors in China’s inter-bank market.

Net proceeds are earmarked for daily operations, repayment of interest-bearing debt, replenishing working capital, investments, acquisitions and other lawful uses.

Shareholders are being asked to delegate broad powers to the Board, including finalising instrument structure, selecting intermediaries, signing documentation, handling regulatory filings and adjusting terms if policies or market conditions change. The authorisation will remain effective throughout the registration, issuance and life of the instruments.

The Board argues the initiative will diversify financing channels, optimise the debt profile, manage funding costs and strengthen liquidity. Voting at the EGM will be conducted by poll, and the register of H-shareholders will be closed from 16 June to 22 June 2026 for eligibility determination. The Board recommends shareholders vote in favour of the resolution.