Hua Lu Heng Sheng: Receives a Special Commitment for a 270 Million Yuan Repurchase Loan from Bank of China.

Hul Hngshng Announcement: The company recently received a "Loan Commitment Letter" issued by the Bank of China, committing to provide a special loan of up to 270 million RMB for the company's stock repurchase. The loan period is 3 years, and the funds will be used for stock repurchase. The company held board meetings and shareholder meetings on April 17th and April 29th, 2025 respectively, and approved the stock repurchase plan. It agreed to use no less than 200 million RMB and no more than 300 million RMB of its own or self-raised funds to repurchase shares through centralized bidding, with a price not exceeding 32.38 RMB per share. The repurchased shares will be cancelled and the registered capital will be reduced.