Baiyun Electric: Received a commitment letter for a special loan of 36 million RMB from Bank of China for stock repurchase.

White Cloud Electronics announced that on July 20, 2026, the company plans to repurchase shares using 20-40 million yuan of its own and self-raised funds for the employee stock ownership plan and/or equity incentives, with the repurchase price not exceeding 22.12 yuan per share and a term of 12 months. Recently, the company obtained a "Loan Commitment Letter" from the Bank of China Guangdong Branch, committing a loan amount not exceeding 36 million yuan with a validity period of 1 year, to be used for repurchasing the company's A-shares. The specific loan terms are subject to the formal contract, and the repurchase amount and quantity are subject to the actual implementation results.