CETC Digital Technology (600850.SH) holding shareholder and its concerted parties receive commitment letter for increasing special loans.

CETC Digital Technology (600850.SH) announced that the company has received a notice from its controlling shareholder, CETC Digital Technology Technology (Group) Co., Ltd. ("CETC Digital Technology Group"), and its concerted action party, CETC Investment Holdings Co., Ltd. ("CETC Investment"). The CETC Digital Technology Group and CETC Investment have each obtained commitment letters for special loans for increasing holdings from Industrial and Commercial Bank of China Shanghai Jiading Branch and Shanghai Pudong Development Bank Beijing Branch, respectively. Industrial and Commercial Bank of China has committed to provide a special loan for increasing holdings to CETC Digital Technology Group for up to RMB 180 million for a period not exceeding 1 year. Shanghai Pudong Development Bank has committed to provide a special loan for increasing holdings to CETC Investment for up to RMB 140 million for a financing period not exceeding 1 year. The aforementioned special loans for increasing holdings will be used for centralized bidding, and the funds for this increase in shareholding will come from the own funds of CETC Digital Technology Group and CETC Investment.