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Loans and Line of Credit (Tables)

3 Months Ended

Mar. 31, 2025

Bank Loans and Line of Credit

Schedule of bank loans and line of credit

The following table represents Short-term bank loans as of March 31, 2025 and December 31, 2024 (in thousands, except interest rate data):


			Loan	Interest						March 31,		December 31,
Subsidiary	Bank		Detail	Rate		Start Date		Due Date		2025		2024
Tongmei	Bank of China⁽¹⁾	$	689	2.7	%	January-25		January-26	$	689	$	-
			579	2.7	%	March-25		March-26		579		-
	Bank of China⁽³⁾		1,426	2.4	%	September-24		September-25		1,380		1,370
			1,370	2.4	%	November-24		November-25		1,380		1,370
			685	2.7	%	November-24		November-25		689		685
			2,480	2.5	%	February-25		February-26		2,480		-
	Bank of Communications ⁽¹⁾		1,376	3.0	%	May-24		May-25		1,380		1,370
			2,480	3.0	%	June-24		May-25		2,480		2,466
	China Merchants Bank ⁽¹⁾		1,386	3.5	%	January-24		January-25		-		1,370
			692	3.5	%	February-24		February-25		-		685
			692	3.5	%	April-24		April-25		-		685
			3,155	2.9	%	January-25		January-26		3,155		-
			978	2.9	%	March-25		March-26		978		-
	Bank of Beijing ⁽²⁾		3,600	3.0	%	March-24		February-25		-		3,565
			3,580	3.0	%	June-24		June-25		3,585		3,565
			2,204	2.7	%	March-25		March-26		2,204		-
	Industrial Bank ⁽¹⁾		2,851	3.9	%	September-24		September-25		2,800		2,740
			2,679	3.9	%	October-24		October-25		2,689		2,679
			1,440	3.2	%	November-24		November-25		1,447		1,440
	Industrial Bank ⁽⁴⁾		1,380	3.8	%	March-25		March-26		1,380		-
	NingBo Bank⁽¹⁾		1,647	4.3	%	January-24		January-25		-		1,630
			1,258	4.3	%	May-24		March-25		-		1,255
			1,822	3.9	%	November-24		November-25		1,832		1,822
			550	3.9	%	December-24		December-25		551		550
			1,584	3.9	%	January-25		January-26		1,584		-
			689	3.9	%	March-25		March-26		689		-
	Industrial and Commercial Bank of China⁽¹⁾		2,851	3.3	%	September-24		September-25		2,750		2,740
	China Citic Bank ⁽¹⁾		2,752	2.9	%	June-24		June-25		2,755		2,740
			2,851	2.9	%	July-24		July-25		2,755		2,740
			1,426	2.9	%	September-24		September-25		1,380		1,370
	Agricultural Bank of China ⁽¹⁾		1,235	2.6	%	November-24		November-25		1,240		1,235
			137	2.6	%	December-24		December-25		138		137
BoYu	Industrial and Commercial Bank of China ⁽¹⁾		1,426	2.8	%	September-24		September-25		1,380		1,370
	Bank of China ⁽¹⁾		1,145	2.3	%	September-24		September-25		1,102		1,096
			274	2.4	%	December-24		December-25		276		274
	Industrial Bank ⁽¹⁾		1,370	2.7	%	November-24		November-25		1,380		1,370
	Bank of Communications ⁽¹⁾		274	3.0	%	May-24		May-25		276		274
	NanJing Bank ⁽¹⁾		1,370	2.8	%	December-24		December-25		1,380		1,370
	Loan Balance								$	50,763	$	45,963

Collateral for the above bank loans and line of credit

(1)

Not collateralized.

(2)

AXT time deposit.

(3)

Baoding Tongmei’s land use rights and its building located at its facility in Dingxing, China. In addition, the loan attracts a guarantee fee amounting to 1.0% of the loan amount.

(4)

Chaoyang JinMei’s land use rights and its building located at its facility in Kazuo, China.

Schedule of maturities of long-term loan

As of March 31, 2025, the maturities of our long-term loan liabilities in five years (including current portion) are as follows (in thousands):


Maturity of long-term loans
2025	$	1,102
2026		3,995
2027		964
2028		1,240
2029		2,360