UEI - Universal Electronics Inc.
09/03/2024 | Press release | Distributed by Public on 09/03/2024 12:33
Material Agreement Form 8 K
Item 1.01 Entry into a Material Definitive Agreement
On August 29, 2024, Universal Electronics Inc.'s subsidiary Gemstar Technology (Yangzhou) Co. Ltd. ("GTY") entered into a Line of Credit Agreement ("LOC"), a Maximum Mortgage Contract (the "Mortgage Contract"), and a Working Capital Loan Contract (the "WC Contract"), each with Bank of China Limited, Baoying Sub-Branch (collectively, the LOC, Mortgage Contract and WC Contract is herein referred to as the "BOC Loan Contracts"). Subject to the terms and conditions of the BOC Loan Contracts, GTY is allowed to borrow up to 80,000,000 RMB for general business purposes until July 24, 2025.
The foregoing description of the BOC Loan Contracts does not purport to be complete and is qualified in its entirety by reference to the full text of the BOC Loan Contracts, which are filed as Exhibits 10.1, 10.2 and 10.3 to this Current Report on Form 8-K and are incorporated herein by reference.