Netel Technology (Holdings) Limited announced it has entered into a strategic cooperation agreement with one of the SZ Entrepreneurs, Mr. J. Y. Tung for a term of one year. Pursuant to the strategic cooperation agreement, SZ Entrepreneur A will provide a loan facility to the Company for the purpose of purchase of goods in respect of its prospecting of epidemic- related products. The maximum limit of such loan facility is RMB 20 million with interest rate at 7% per annum.