Meig Smart Technology Co., Ltd. (03268) has announced that its wholly-owned subsidiary, Fange International Co., Ltd. (referred to as "Fange International"), intends to apply for a comprehensive credit facility of USD 200 million from a bank to meet the operational capital demands arising from its rapid business expansion. The company plans to provide a guarantee for this banking facility, with a validity period of no more than one year, and the aforementioned guarantee quota can be utilized on a revolving basis within the effective guarantee period.

The move is aimed at supporting the subsidiary's ongoing development and ensuring sufficient financial flexibility to sustain its growth momentum. The guarantee arrangement is subject to the company's internal approval procedures and relevant regulatory requirements, and further updates will be disclosed as necessary.