CHINA AEROSPACE(00031): Nantong Kangyuan is granted a 1 billion yuan loan quota.

CHINA AEROSPACE (00031) announced that on January 16, 2025, its indirectly wholly-owned subsidiary Nantong Kangyuan Circuit Technology Co., Ltd. ("Nantong Kangyuan") (as borrower) has entered into a RMB syndicated loan agreement with the Industrial and Commercial Bank of China Jiangsu Branch (lead bank, guarantee agent), China Merchants Bank Co., Ltd. Nantong Branch (co-lead bank, agent bank), and the Export-Import Bank of China Jiangsu Branch (collectively, "lenders") for a loan amount of RMB 1 billion, with a term of 8 years. Nantong Kangyuan will withdraw the loan in stages as needed. The company's indirectly wholly-owned subsidiary Dongguan Kangyuan Electronics Co., Ltd. ("Dongguan Kangyuan") (as guarantor) has signed a syndicated loan guarantee contract with the lenders for the loans under the loan agreement, providing joint liability guarantee for repayment obligations. In addition, Nantong Kangyuan has provided land rights certificate pledge at the initial withdrawal, as well as additional real estate and equipment mortgage upon completion of the project. The loan proceeds will be used for the new energy construction of the integrated circuit packaging board factory project of Nantong Kangyuan.