Shandong Expressway: Plans to repurchase shares worth 100 million to 200 million yuan for the purpose of cancellation and reduction of registered capital.

On August 3, Shandong Highway announced its plan to repurchase the company's shares for an amount between 100 million to 200 million yuan, to be used for cancellation and reduction of registered capital, with the repurchase price not exceeding 17.28 yuan per share. Recently, the company obtained a "Commitment Letter for Stock Repurchase Loan" issued by the Jinan Branch of China CITIC Bank, with a loan amount not exceeding 180 million yuan.