---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-037101"
form_type: "8-K"
ticker: "ACMR"
cik: "0001680062"
company_name: "ACM Research, Inc."
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:09:04.856209+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ACM Research enters RMB200M (~$28M) working capital loan facility with CITIC Bank

## Summary
- Loan of RMB200M (~$28M) matures Dec 21, 2025; proceeds for operating turnover.
- Interest: 1-yr LPR +105bps if drawn before Jan 24, 2024; thereafter CITIC may adjust.
- Quarterly interest payments; principal due at maturity; conditional prepayment allowed.
- Standard covenants, events of default; loan secured by customary terms.

## SEC filing metadata
- accession: 0001140361-23-037101
- form_type: 8-K
- ticker: ACMR
- cik: 0001680062
- company_name: ACM Research, Inc.
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680062/000114036123037101/0001140361-23-037101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680062/000114036123037101/brhc20055674_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-037101
- JSON: https://secwatch.observer/filing/0001140361-23-037101.json
- Plain text: https://secwatch.observer/filing/0001140361-23-037101.txt

## Key facts
- Material Agreements
  ACM Research, Inc. entered into RMB Working Capital Loan Contract with China CITIC Bank Co., Ltd. valued at RMB 200 million (approximately $28 million based on currency exchange rates as of July 25, 2023) (effective 2023-07-25).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: China CITIC Bank Co., Ltd.
  - Value: RMB 200 million (approximately $28 million based on currency exchange rates as of July 25, 2023)
  - Effective: 2023-07-25
  source text: On July 25, 2023, we entered into a RMB Working Capital Loan Contract (the “ Loan Contract”) with China CITIC Bank Co., Ltd. (“ China CITIC Bank ”). The Loan Contract provides for a RMB 200 million (approximately $28 million based on currency exchange rates as of July 25, 2023) loan credit facility, which term expires on December 21, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680062/000114036123037101/0001140361-23-037101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.