SG Micro secures CNY 600m in credit facilities from major banks

SG Micro (Beijing) Co., Ltd. announced progress on its application for comprehensive credit facilities, following resolutions passed at its Fifth Board of Directors' Sixth Meeting and Fifth Board of Supervisors' Sixth Meeting on April 28, 2025. The company and its subsidiaries are authorized to apply for comprehensive credit facilities not exceeding CNY 1.4 billion for 2025. This authorization is valid from the date of the Board's approval until the next Board meeting addressing similar matters.

The company has signed a credit agreement with China Merchants Bank Co., Ltd. Beijing Branch for a credit facility of CNY 500 million, valid for 12 months. This facility encompasses various business lines, including loans, order loans, trade finance, bill discounting, commercial draft acceptance, international/domestic guarantees, customs duty payment guarantees, corporate overdrafts, derivative transactions, and gold leasing. Additionally, SG Micro has entered into a working capital loan agreement with Industrial and Commercial Bank of China Ltd. Beijing Cuiwei Road Branch for CNY 100 million, also with a 12-month term, intended for the company’s routine operational turnover.

Neither the credit agreement with China Merchants Bank nor the working capital loan agreement with Industrial and Commercial Bank of China involves any collateral. The actual amount of financing utilized under these credit facilities will depend on the company's specific applications to the banks and will be disclosed in future periodic reports.