Lotus Holdings announced that the company recently held a board meeting to review and pass a bill to repurchase shares through centralized bidding transactions, with a repurchase amount of 50 trillion to 100 million yuan for employee stock ownership or equity incentive plans, for a period of 12 months. Recently, the company received a “Loan Commitment Letter” from the Zhengzhou branch of China CITIC Bank, which promised a loan amount of not more than 90 million yuan, a period of 3 years, specifically for the repurchase of the company's shares. The letter of commitment is valid for 1 year. This loan provides financing support for the repurchase. The details are subject to the loan contract and the implementation results of the repurchase.

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