Beimo Hi-Tech announced that the company previously reviewed and approved a share repurchase plan. The proposed repurchase amount is not less than 120 million yuan and not more than 180 million yuan to implement equity incentives or employee stock ownership plans. Recently, the company obtained a loan commitment letter issued by the Beijing branch of China Merchants Bank. The loan amount is no more than RMB 162 million, and the term is no more than 36 months, specifically for the repurchase of the company's shares.

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