Zhongheng Group has recently obtained a stock buyback special loan commitment letter from the Guangxi branch of Industrial and Commercial Bank of China. The loan amount does not exceed 180 million yuan, with a term of no more than three years, and is specifically for repurchasing the company's shares. The commitment letter is valid for six months from the date of issuance, and the specific loan will be provided by ICBC's Wuzhou branch or its subordinate institutions. The company previously approved a buyback plan, intending to use no less than 100 million yuan and no more than 200 million yuan of its own funds or self-raised funds to repurchase some A-shares. The repurchased shares will all be cancelled to reduce registered capital, with a repurchase price not exceeding 3.04 yuan per share, and the buyback period is within six months from the date of shareholder meeting approval.
Guangxi Wuzhou Zhongheng Group Co LtdICBC provides up to 180 million yuan buyback loan, supporting the company's share repurchase plan.