Xinlitai: Obtaining the commitment letter for a special loan of not more than 450 million yuan from China Merchants Bank for stock repurchase.

Xin Litai announced that the company recently obtained a "Loan Commitment Letter" from the Shenzhen Branch of China Merchants Bank, agreeing to provide a special loan of up to 450 million yuan for the company's share buyback, with a loan term of 36 months, specifically for the repurchase of the company's listed shares. The total amount of funds for this buyback is not less than 300 million yuan and not more than 500 million yuan, with a repurchase price not exceeding 45 yuan per share. The repurchased shares will be used for equity incentives or employee stock ownership plans.