Changling Hydraulic announced on November 10. Recently, the company has received a “Loan Commitment Letter” issued by the Wuxi Branch of China Minsheng Bank Co., Ltd., agreeing to provide a loan commitment to the company. The loan use is limited to repurchasing shares of the listed company Jiangsu Changling Hydraulic Co., Ltd. The loan ratio or amount does not exceed 90% of the share repurchase amount, and the loan period is 3 years. The specific rights and obligations of a loan are subject to the loan agreement finally signed by both parties.

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