According to Shiyun Circuit's announcement, the company passed a share repurchase plan on July 19. It plans to use 2-3 billion yuan of its own or self-raised funds to repurchase shares for employees. The repurchase price will not exceed 55 yuan/share, and the period will not exceed 6 months. Recently, the company received the “Stock Repurchase Loan Commitment Letter” from the Jiangmen branch of China Construction Bank. The loan amount is 270 million yuan, the ratio does not exceed 90% of the transaction price, the term is 1-3 years, and the minimum interest rate is 1.8%. The guarantee method is credit. In the end, the actual loan and contract signing shall prevail, and there is no significant impact on operation or performance.

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