Vanchip announced that the company has reached a cooperation intention with China CITIC Bank Tianjin Branch regarding a special loan for the listed company's stock buyback. It recently received a loan commitment letter from the bank, with a borrowing amount not exceeding 90 million yuan and a term not exceeding three years, specifically for repurchasing company shares. Previously, the company planned to repurchase shares using its own or self-raised funds, with a total repurchase amount of no less than 80 million yuan and no more than 100 million yuan, and the repurchase price cap adjusted to no more than 45.01 yuan per share.
Vanchip (Tianjin) Technology Co. Ltd. ACompany receives loan commitment for share buyback, supporting its repurchase plan.
