Major shareholder Goer Holding Group plans to increase holdings by 500 million to 1 billion yuan in Goertek Inc. (002241.SZ).

Goertek Inc. (002241.SZ) announced that the company's controlling shareholder, Goer Group, plans to increase its holdings in the company using a special loan and its own funds. The planned amount for this increase is not less than RMB 500 million (including this amount), and not more than RMB 1 billion (including this amount). Industrial Bank Co. Ltd. Weifang Branch has committed to provide Goer Group with a special loan of up to RMB 900 million, with a loan-to-amount ratio not exceeding 90% of the increase amount. The loan term is not more than three years.