North Electro-Optic (600184.SH) controlling shareholder and its concerted parties each received up to RMB 45 million in stock pledge loans support.

North Electro-Optic (600184.SH) announced recently that the company has received notification from its controlling shareholder, the Electro-Optic Group, and its concerted actor, Zhongbing Investment, that they have each obtained loan commitment letters from the Xi'an Branch of the Agricultural Bank of China and the Beijing Branch of the Agricultural Bank of China. The Xi'an Branch of Agricultural Bank of China has pledged to provide loan support for the stock increase of Electro-Optic Group, with a loan amount not exceeding RMB 45 million, a loan term not exceeding 3 years, and the loan purpose limited to increasing North Electro-Optic's stock through centralized bidding. The Beijing Branch of Agricultural Bank of China has pledged to provide loan support for the stock increase of Zhongbing Investment, with a loan amount not exceeding RMB 45 million, a loan term not exceeding 3 years, and the loan purpose limited to increasing North Electro-Optic's stock through centralized bidding.