On November 10, Honghe Technology issued an announcement. The company recently obtained a “Loan Commitment Letter” issued by China Merchants Bank Co., Ltd. Shanghai Branch. The loan amount is not more than RMB 90 million and not more than 90% of the transaction consideration. The loan period is no more than 3 years, and the loan is used exclusively to repurchase the company's shares. Previously, the company held the 22nd meeting of the 4th board of directors on November 5, 2026 to review and pass the “Proposal on the Share Repurchase Plan by means of centralized bidding transactions”, agreeing that the company would use its own funds and/or self-financing to repurchase the company's shares for employee stock ownership plans or share incentives. The repurchase amount should not be less than 50 million yuan, no more than 100 million yuan, and the repurchase price should not exceed 165.09 yuan/share. The repurchase period is 12 months from the date the company's board of directors reviewed and approved the share repurchase plan.

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