Dongyangguang announced that the company previously reviewed and approved the share repurchase plan, and plans to use no less than 600 million yuan and no more than 1.2 billion yuan of its own or self-funded capital to repurchase shares through centralized bidding. The repurchase price is no more than 4,774 yuan/share, and the repurchase period is no more than 6 months from the date of review and approval by the board of directors. Recently, the company obtained a loan commitment letter from the Dongguan branch of Everbright Bank. The bank promised to provide a special loan of no more than 540 million yuan to support the company's share repurchase. The loan period is 3 years, and the promise is valid until September 29, 2027. The details are subject to the final signed loan contract.

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.