Jiangsu Yabang Dyestuff (603188.SH) announced on July 25th that the company held the fifth meeting of the seventh board of directors on July 25, 2024. The board examined and approved the Proposal on Conducting Commercial Acceptance Bill Settlement Business for the purpose of fully utilizing the credit advantage of the listed company, improving settlement efficiency, reducing financial costs. The board agreed to allow the company's wholly-owned subsidiaries, Jiangsu Yabang Import and Export Co., Ltd. (hereinafter referred to as Yabang Import and Export) and Jiangsu Yabang Walle Dyestuff Co., Ltd. (hereinafter referred to as Yabang Walle) to carry out commercial acceptance bill settlement business within the limit of CNY 100 million with the business period of 36 months after the approval of the board. Within the above-mentioned limit and period, the amount could be used repeatedly.