Applied Optoelectronics, Inc. Announces New Credit Line Agreement

Applied Optoelectronics, Inc. (AOI), through its wholly owned subsidiary Global Technology, Inc., has entered into a one-year credit line agreement with Shanghai Pudong Development Bank Co., Ltd. This new agreement, effective June 11, 2026, increases the total credit line to RMB 500,000,000, up from the previous RMB 250,000,000. The credit line will support Global Technology's working capital needs and general business operations. The funds can be utilized for working capital loans (up to RMB 150,000,000), fixed asset loans (up to RMB 300,000,000), and bank acceptance bills (up to RMB 200,000,000). The fixed asset loan portion is non-revolving, while the working capital and bank acceptance bill portions are revolving. The credit line is available until May 21, 2027, and is secured by previously mortgaged real property. The agreement supersedes a prior credit facility dated July 29, 2025. The interest rate for each draw will be determined by mutual agreement between Global Technology and the Bank. The agreement includes customary clauses regarding representations, warranties, and events of default.