HUALU-HENGSHENG(SH:600426) Shang Hai Zheng Quan Bao·2025-05-06 19:19Core Viewpoint - Shandong Hualu Hengsheng Chemical Co., Ltd. has received a loan commitment letter from China Bank for a stock repurchase program, amounting to a maximum of RMB 27 million, with a loan term of 3 years [2][4][8]. Group 1: Stock Repurchase Plan - The company plans to repurchase shares using no less than RMB 20 million and no more than RMB 30 million of its own or raised funds within 12 months from the approval date [3]. - The repurchase price will not exceed RMB 32.38 per share, and the final number of shares repurchased will depend on actual repurchase conditions [3]. - All repurchased shares will be canceled, reducing the company's registered capital [3]. Group 2: Loan Commitment Details - The loan commitment letter specifies that the maximum loan amount is RMB 27 million, which does not exceed 90% of the total repurchase amount [4]. - The commitment letter is valid for one year from the date of issuance [5]. - The loan is specifically designated for stock repurchase purposes [8]. Group 3: Additional Information - The loan will provide financial support for the company's stock repurchase, with specific loan terms to be defined in a borrowing contract [6]. - The total amount of funds used for the repurchase will be determined at the end of the repurchase period [6].