Sai Micro Electronics subsidiary secures M&A loan with dual guarantees

Sai Micro Electronics Inc. announced that its wholly-owned subsidiary, Beijing Silex International Technology Co., Ltd. (Silex International), will receive an M&A loan of up to 260,000,000 yuan from the Beijing Bank Anhua Road Branch. The loan, with a term not exceeding 10 years, is intended to refinance part of Silex International’s acquisition of a 9.50% equity stake in Beijing Silex Microsystems Technology Co., Ltd. Sai Micro Electronics will provide a joint and several liability guarantee for this loan, with Silex International exempt from guarantee fees.

Concurrently, Sai Micro Electronics' controlling shareholder, actual controller, and chairman, Mr. Yang Yunchun, will also provide a joint and several liability guarantee for the loan. This related-party transaction, which provides the guarantee free of charge, supports the company's development and resolves Silex International's financing needs without additional cost to the company.

As of the announcement date, Sai Micro Electronics and its subsidiaries' cumulative external guarantees, including this transaction, amount to 1,516,000,000 yuan, representing 30.79% of the company's latest audited net assets. The actual outstanding guarantee balance is 1,104,074,400 yuan, or 22.42% of the latest audited net assets.