Rongxin Culture: Intends to repurchase company shares worth 20 to 22 million yuan.

Rongxin Culture announced in the evening of May 15th that the company plans to repurchase company shares with an amount of 20 to 22 million yuan, to be used for employee stock ownership plans or equity incentives, with a repurchase price not exceeding 37 yuan per share. Recently, the company has obtained a commitment letter for a special loan for share repurchase from the Xi'an Branch of Huaxia Bank, with a loan amount of 15 million yuan, and a loan term not exceeding 3 years.