Sanan Optoelectronics agreed that the subsidiary will borrow RMB 5.5 billion from CDB and provide guarantee for it.

Recently, Sanan Optoelectronics held the third extraordinary shareholders meeting in Xiamen in the form of on-site voting, and passed the proposal that the company's subsidiaries applied for the total amount of credits to the bank and the company provided guarantees for the bank credits of the subsidiaries. .

The company agreed to the subsidiary Anhui Sanan Optoelectronics Co., Ltd. to apply for the project capital loan credit of RMB 5.5 billion to the China Development Bank Xiamen Branch. The loan period is 8 years and the loan interest rate is the benchmark interest rate; Rixin Photovoltaic Technology Co., Ltd. to the China Development Bank Xiamen Branch And the China Export-Import Bank Xiamen Branch respectively applied for a working capital loan credit of a total of RMB 160 million and a project loan credit of RMB 400 million. The loan interest rate is the benchmark interest rate; Xiamen Sanan Optoelectronics Technology Co., Ltd. to Industrial Bank Co., Ltd. Xiamen Branch And the China Export-Import Bank Xiamen Branch respectively applied for a total of RMB 300 million and RMB 400 million in working capital loans, and the loan interest rate was the benchmark interest rate; Tianjin Sanan Optoelectronics Co., Ltd. applied for a working capital loan credit line of 1.05 to CITIC Bank Co., Ltd. Tianjin Branch. 100 million yuan, the borrowing rate is the benchmark interest rate.

In addition, the company agreed to apply for a loan credit of 5.5 billion yuan from Anhui Sanan Optoelectronics Co., Ltd. to the China Development Bank Xiamen Branch. Nikken Photovoltaic Technology Co., Ltd. applied for a loan credit of 1.60 billion yuan to the China Development Bank Xiamen Branch and the China Export-Import Bank Xiamen Branch. Yuanhe 400 million yuan, Xiamen Sanan Optoelectronics Technology Co., Ltd. applied to the Xiamen Branch of Industrial Bank Co., Ltd. and Xiamen Branch of China Export-Import Bank for a credit line of 300 million yuan and 400 million yuan, and Tianjin Sanan Optoelectronics Co., Ltd. to CITIC Bank The Tianjin Branch of the Company Limited applied for a loan credit of RMB 105 million to provide joint and several liability guarantee.

EMCORE Corporation, the other shareholder of Rixin PV Technology Co., Ltd., agreed to provide counter-guarantee for the loan of Rixin PV Technology Co., Ltd. with its shareholding in Rixin PV Technology Co., Ltd.

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