Recently, Zhejiang Hailiang (002203.SZ) announced that the company plans to use its own funds and special loan funds to repurchase the company's issued Renminbi common shares (A shares) through the Shenzhen Stock Exchange stock trading system in a centralized bidding trading method.，This repurchase of shares will be used for the implementation of stock-based incentives or employee shareholding plans. The total amount of funds planned to be repurchased this time is not less than RMB 0.5 billion (inclusive), and not more than RMB 0.6 billion (inclusive). The repurchase price does not exceed RMB 13.29 per share (inclusive).
Recently, China Zheshang Bank's Hangzhou branch issued a "China Zheshang Bank Loan Commitment Letter" to the company, committing to provide special loan support for Hailiang Stock's repurchase of the company's shares, with a maximum loan amount not exceeding RMB 0.42 billion. The specific disbursement of the loan shall be subject to the formal loan contract signed by both parties. In addition to the above-mentioned loan, the remaining funds for this repurchase are from the company's own funds.
