According to Shiyun Circuit's announcement, the company passed a share repurchase plan on July 19. It plans to use 2-3 billion yuan of its own or self-raised funds to repurchase shares for employees. The repurchase price will not exceed 55 yuan/share, and the period will not exceed 6 months. Recently, the company received the “Stock Repurchase Loan Commitment Letter” from the Jiangmen branch of China Construction Bank. The loan amount is 270 million yuan, the ratio does not exceed 90% of the transaction price, the term is 1-3 years, and the minimum interest rate is 1.8%. The guarantee method is credit. In the end, the actual loan and contract signing shall prevail, and there is no significant impact on operation or performance.

According to Shiyun Circuit's announcement, the company passed a share repurchase plan on July 19. It plans to use 2-3 billion yuan of its own or self-raised funds to repurchase shares for employees. The repurchase price will not exceed 55 yuan/share, and the period will not exceed 6 months. Recently, the company received the “Stock Repurchase Loan Commitment Letter” from the Jiangmen branch of China Construction Bank. The loan amount is 270 million yuan, the ratio does not exceed 90% of the transaction price, the term is 1-3 years, and the minimum interest rate is 1.8%. The guarantee method is credit. In the end, the actual loan and contract signing shall prevail, and there is no significant impact on operation or performance.