INFINITIES TECH applies for a total bank credit limit of up to 15 million RMB

INFINITIES TECH (01961.HK) announced that the board of directors, considering market conditions and the company's long-term development, has authorized the group's management team and business departments to actively expand in-depth financial cooperation with various banks. By steadily promoting diversified businesses such as liquidity loans and letter of credit financing, the company aims to further improve its financial structure and ensure the liquidity of operating funds, thereby comprehensively strengthening the enterprise's risk resistance capability and long-term operational stability, laying a financial foundation for sustainable development.

The company has agreed that its wholly-owned subsidiary, Guangzhou Jiu Zun Interactive Entertainment Technology Development Co., Ltd., will apply for a total credit line of RMB 3 million to RMB 15 million with state-owned operational banks in mainland China, and that its wholly-owned subsidiary, Chengdu Zhi Le Interactive Technology Co., Ltd., will provide a full joint liability guarantee for this credit. The funds will only be used for the borrower's daily operating capital and not for other purposes.

Through the loan agreement, the group aims to enhance the borrower's operating capital to support its core business. This loan will also help the group broaden its financing channels, supplement the funds needed for operations, and improve its debt structure