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SHORT-TERM BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2021
SHORT-TERM BORROWINGS [Abstract]  
Short-Term and Long-Term Borrowings

At December 31, 2021 and December 31, 2020, short-term and long-term borrowings consisted of the following:

 
   
December 31,
  
   
2021
    
2020
  
Line of credit up to RMB 80,000 from China Everbright Bank,
            
1)due on April 1, 2021 with an annual interest rate of 4.70%. *1 and fully repaid on March 23, 2021.
  
$
-
    
$
4,599
  
2)due on June 27, 2021 with an annual interest rate of 4.25%. *1 and fully repaid on June 28, 2021.
    
-
      
1,380
  
3)due on April 29, 2021 with an annual interest rate of 2.80%. *1 and fully repaid on March 23, 2021.
    
-
      
820
  
4)due on June 27, 2021 with an annual interest rate of 2.70%. *1 and fully repaid on June 25, 2021.
    
-
      
2,080
  
Line of credit up to RMB 20,000 from Bank of Communications,
                
1)due on April 12, 2021 with an annual interest rate of 4.65% and fully repaid on April 12, 2021.
    
-
      
1,533
  
2)due on May 24, 2021 with an annual interest rate of 3.65% and fully repaid on May 24, 2021.
    
-
      
1,533
  
Line of credit up to RMB 70,000 from Bank of Shanghai Pudong Branch,
                
1)due on May 27, 2021 with an annual interest rate of 4.68%. *2 and fully repaid on May 27, 2021.
    
-
      
2,575
  
2)due on June 27, 2021 with an annual interest rate of 4.68%. *2 and fully repaid on March 29, 2021.
    
-
      
1,380
  
3)due on May 28, 2021 with an annual interest rate of 3.48%. *2 and fully repaid on May 28, 2021.
    
-
      
2,442
  
4)due on June 7, 2021 with an annual interest rate of 3.50%. *2 and fully repaid on June 7, 2021.
    
-
      
1,521
  
5)due on June 16, 2021 with an annual interest rate of 3.50%. *2 and fully repaid on June 16, 2021.
    
-
      
1,838
  
Line of credit up to RMB 80,000 from China Merchants Bank,
                
1)due on August 10,2021 with annual interest rate of 3.85% and fully repaid on August 10, 2021.
    
-
      
1,380
  
2)due on August 25,2021 with annual interest rate of 3.85% and fully repaid on August 25, 2021.
    
-
      
3,066
  
Line of credit up to RMB 100,000 from Bank of Shanghai Pudong Branch,
                
1)due on June 7, 2022 with an annual interest rate of 2.7%. *3
    
4,616
      
-
  
Line of credit up to RMB 150,000 from China Everbright Bank,
                
1)due on October 21, 2022 with annual interest rate of 1.95%.
    
3,407
       -  
Line of credit up to RMB 60,000 from Bank of Communications,
                
1)due on October 25, 2022 with an annual interest rate of 3.85%.
    
1,568
       -  
Total
  
$
9,591
    
$
26,147
  

 

*1 guaranteed by ACM’s Chief Executive Officer

*2 guaranteed by ACM’s Chief Executive Officer and Cleanchip Technologies Limited

*3 guaranteed by Cleanchip Technologies Limited