Lvji Technology's Subsidiary Secures RMB20 Million Credit Line from Rural Commercial Bank

Reuters
30 Jun
Lvji Technology's Subsidiary Secures RMB20 Million Credit Line from Rural Commercial Bank

Lvji Technology Holdings Inc. announced that its wholly-owned subsidiary, Guangzhou Lvji International Travel Agency Co., Ltd., is set to enter into a corporate loan contract. The Rural Commercial Bank has provided Lvji International Travel with a credit line of up to RMB20,000,000. As of the latest update, RMB10,000,000 has been utilized. In support of this, Lvji Technology Holdings Inc. will provide an additional guarantee for the subsidiary, covering the principal loan amount not exceeding RMB10,000,000, along with associated interest and costs. Executive Director Mr. Zang Weizhong has been authorized to manage matters related to these guarantees.

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