EdTech (300685.SZ) obtains a letter of commitment for a special loan for stock repurchase from a financial institution.

China Fortune Financial News APP, Edsheer Bio (300685.SZ) announced that it plans to use its own funds and/or self-raised funds to repurchase shares in a concentrated bid to cancel and reduce the company's registered capital; the total amount of repurchase funds will be no less than 100 million yuan and no more than 200 million yuan. Recently, the company obtained a "Loan Commitment Letter" from Xiamen Branch of Industrial Bank Co., Ltd., with a loan amount not exceeding 100 million yuan, a loan period not exceeding 36 months, and the loan purpose specifically for repurchasing the company's stock.