Howell Group announced that the company previously reviewed and approved the A-share repurchase plan. The total repurchase capital was not less than 250 million yuan or more than 500 million yuan. The repurchase price was no more than 120 yuan/share. The repurchase of shares was used for employee stock ownership plans or equity incentives. The repurchase period was no more than 3 months from the date of review and approval by the board of directors. Recently, the company obtained a loan commitment letter from the Shanghai branch of Ping An Bank, agreeing to provide a special stock repurchase loan of no more than 450 million yuan for this repurchase, accounting for 90% of the total repurchase capital. The loan period is no more than 3 years. The specific loan matters are subject to the final loan agreement. Obtaining a letter of commitment this time does not represent a commitment to the final repurchase implementation amount. The details are subject to the announcement of the repurchase 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.