Juzi Technology announced that on July 20, the company passed the share repurchase plan and plans to use its own and self-raised capital of 80 million yuan to 160 million yuan to repurchase shares at a price not exceeding 29.9 yuan/share to protect the company's value and shareholders' rights. The implementation period is 3 months. At present, the company has obtained a “Loan Commitment Letter” from the Shanghai branch of China CITIC Bank. The bank promised to provide a special loan of up to 144 million yuan for stock repurchase with a term not exceeding 2 years. The details are subject to the loan contract.

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