T1 TANZANIA INDUSTRY CO
LIMITED
255768868261 kompanitanzania@outlook.com
WORKI Tabora, Nzega
DIRECTORS RESOLUTION TO OBTAIN A LOAN FROM
COMPANY’S SHAREHOLDER
AT TABORA, NZEGA
14 JULY 2024
THE MEETING MEMBERS
1. ENJIAN ZHANG (CHAIRMAN/MEMBER/DIRECTOR)
2. SHUAIHAO DING (MEMBER/DIRECTOR)
3. YITONG CHEN (MEMBER/DIRECTOR)
4.SHUAIHAO DING (SECRETARY)
RESOLVED THAT the company do hereby obtain and avail financial assistance/Credit facility
of an amount not exceeding Tanzania Shilling 1,091,814,264 from Mr. ENJIAN ZHANG,
SHUAIHAO DING, YITONG CHEN (here referred as Shareholders) in order to meet the
Investment Schedule and such loan shall be obtained on such terms and conditions as
specified or contained in the sanction letter and Loan agreement dated 25/05/2023 which is
placed on the table before the board for approval.
RESOLVED FURTHER THAT the consent and approval of the Board be and is hereby
accorded to the company to borrow the aforesaid funds on such terms and conditions as
mentioned in the sanction letter or loan agreement dated (letter or agreement date).
RESOLVED FURTHER THAT the board of directors of the company be and are hereby
authorised to hypothecate the items which are purchased out of the loan funds and if
required deposit the title deeds of the property of the company situated at (address of the
property) admeasuring an area of (area of property) to create an equitable mortgage thereon
as collateral security in favour of the Shareholders for the loan amount so borrowed.
RESOLVED FURTHER THAT the board of directors of the company be and are hereby borrowed
the Loan funds on such terms that the funds so advanced from the Shareholders shall be repaid
within a period of two years and which shall carry interest at the rate of 0 % per annum on the
outstanding balance.
RESOLVED FURTHER THAT Mr. SHUAIHAO DING, Director of the company be and is hereby
severally authorized in relation to the said facility to act on behalf of the company to sign and
execute the requisite documents, agreements, deeds, undertakings, indemnities etc.., under the
common seal of the company, wherever required in terms of the Articles of Association of the
company.
ENJIAN ZHANG SHUAIHAO DING
(CHAIRMAN) (SECRETARY)
