One of the controlling shareholders of CETC Chips Technology Inc. (600877.SH) received a commitment letter for a special loan of up to 350 million yuan.

CETC Chips Technology Inc. (600877.SH) announced that one of the company's controlling shareholders, China Electronics Investment Holdings Co., Ltd. (referred to as "CEI"), has obtained a "Loan Commitment Letter" from the Beijing Branch of Shanghai Pudong Development Bank, for a special stock holding loan project. Shanghai Pudong Development Bank will provide CEI with a stock holding loan of up to RMB 350 million for the purpose of increasing the company's stock holdings, with a financing term not exceeding 1 year.