According to the Zhitong Finance App, Songfa Co., Ltd. (603268.SH) announced that the company previously planned to repurchase shares for 500 million yuan to 1 billion yuan. Recently, the company obtained a “Loan Commitment Letter” issued by the Dalian Branch of Industrial Bank Co., Ltd. Loan amount: no more than RMB 900 million, loan period: no more than 3 years, and loan purpose: Specially used to repurchase the company's shares.

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