Xingxin New Materials: Obtained specialized financing support from financial institutions for stock repurchase of no more than 90 million yuan.

On August 7, Xingxin New Materials announced that the company has recently received a "Loan Commitment Letter" issued by the Shaoxing Shangyu Branch of CITIC Bank Co., Ltd. The loan amount will not exceed 90 million yuan, with a loan term not exceeding 36 months, specifically used for repurchasing the companys stocks.