Baiyun Electric announced that the company passed a share repurchase plan on July 20, 2026, and plans to use 20 million to 40 million yuan of its own and self-funded funds to repurchase shares for employee stock ownership plans and/or equity incentives. The repurchase price will not exceed 22.12 yuan/share for a period of 12 months. Recently, the company obtained a “Loan Commitment Letter” issued by the Guangdong branch of the Bank of China, promising a loan amount not to exceed 36 million yuan, valid for 1 year, to buy back the company's A-shares. The specific loan is subject to the formal contract, and the repurchase amount and quantity are subject to the implementation results.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.