Chippeng announced on November 2. Recently, the company obtained a “Loan Commitment Letter” issued by the Wuxi Branch of China CITIC Bank Co., Ltd. The main contents are as follows: the maximum loan amount is not more than 27 million yuan; the maximum loan period is no more than 3 years; and the loan is used exclusively to repurchase the company's shares. The specific loan matters are subject to the stock repurchase loan contract formally signed between the company and the bank. Previously, the company held the 32nd meeting of the 5th board of directors on October 26, 2026 to review and pass the “Proposal on the Share Repurchase Plan by means of centralized bidding”, agreeing that the company will use its own funds or self-financing to repurchase some RMB common shares already issued by the company through centralized bidding. All of the shares repurchased will be used to protect the company's value and shareholders' rights. The shares repurchased under this purpose are to be sold in the future. The total repurchase capital is not less than 15 million yuan, no more than 30 million yuan, and the repurchase price is no more than 114.42 yuan/share. The repurchase period is within 3 months from the date the company's board of directors reviewed and approved the share repurchase plan.

Chippeng announced on November 2. Recently, the company obtained a “Loan Commitment Letter” issued by the Wuxi Branch of China CITIC Bank Co., Ltd. The main contents are as follows: the maximum loan amount is not more than 27 million yuan; the maximum loan period is no more than 3 years; and the loan is used exclusively to repurchase the company's shares. The specific loan matters are subject to the stock repurchase loan contract formally signed between the company and the bank. Previously, the company held the 32nd meeting of the 5th board of directors on October 26, 2026 to review and pass the “Proposal on the Share Repurchase Plan by means of centralized bidding”, agreeing that the company will use its own funds or self-financing to repurchase some RMB common shares already issued by the company through centralized bidding. All of the shares repurchased will be used to protect the company's value and shareholders' rights. The shares repurchased under this purpose are to be sold in the future. The total repurchase capital is not less than 15 million yuan, no more than 30 million yuan, and the repurchase price is no more than 114.42 yuan/share. The repurchase period is within 3 months from the date the company's board of directors reviewed and approved the share repurchase plan.