On January 5, according to the financial news agency (Editor: Li Chen), financial regulatory authorities have adjusted and optimized policies regarding Share Buyback and Shareholding, including increasing the financing ratio, extending loan terms, and expanding the applicable scope. Industry insiders say these measures will further lower the participation threshold, expand the policy's outreach, alleviate the financial pressure on borrowers, and better motivate listed companies and major shareholders to implement Share Buyback and Shareholding.

According to incomplete statistics from the financial news agency, as of the time of this report, this week (from December 30, 2024, to January 3, 2025), 15 listed companies including Guangdong Shenglu Telecommunication Tech., Fujian Yongfu Power Engineering, Yongtai Transportation, Baipu Science & Technology, Zhangjiagang Guangda Special Material, Xueda(Xiamen)Education Technology Group, Weijie Chuangxin, Anhui Gourgen Traffic Construction, Zhejiang Sanhua Intelligent Controls, Huahai Chengke, Yuancheng Technology, Tansun Technology, Jiangsu King's Luck Brewery Joint-Stock, Sichuan New Energy Power, and Beijing North Star have disclosed information related to Share Buyback and Shareholding loans, as detailed in the following chart.

Among the listed companies that announced plans to use special loans for Shareholding or Share Buyback, the controlling shareholder of Jiangsu King's Luck Brewery Joint-Stock received the highest amount of special loan, totaling 0.49 billion yuan.

Jiangsu King's Luck Brewery Joint-Stock, whose main business is the production and sale of Baijiu(Chinese Liquor), announced on January 2 that the Huai'an branch of the Bank Of China recently issued a 'Loan Commitment Letter' to the company's controlling shareholder, Jiangsu King's Luck Group, for the purpose of equity increase loan, with a loan amount of 0.49 billion yuan and a loan term of 3 years. The validity period of the 'Loan Commitment Letter' is one year from the date of issuance. Apart from the aforementioned loan, the remaining funds for this increase will come from the own funds of Jiangsu King's Luck Group. Earlier, on December 31, 2024, Jiangsu King's Luck Group announced that it intends to increase its stake in the company’s unrestricted circulating A-share through centralized competitive trading on the Shanghai Stock Exchange within 12 months from the announcement date, with a total increase amount ranging from 0.27 billion yuan to 0.54 billion yuan (inclusive), at a price not exceeding 46 yuan per share (inclusive).

Additionally, Sichuan New Energy Power, Zhangjiagang Guangda Special Material, Guangdong Shenglu Telecommunication Tech., Zhejiang Sanhua Intelligent Controls, and several other listed companies have also successively disclosed their acquisition of loan funds for Share Buyback this week.

Sichuan New Energy Power, whose main business involves domestic bulk trade and wind power generation, announced on January 2 that the controlling shareholder, Sichuan Energy Investment, has received a letter from China Construction Bank Corporation, which provides a loan commitment of 0.4 billion yuan for increasing its stake in Sichuan New Energy Power, with a loan term not exceeding 36 months. Sichuan Energy Investment plans to increase its shareholding within 6 months from August 28, 2024, using its own funds and special loan funds, with an intended increase of no less than 27.6925 million shares (representing 1.5% of the company's total equity) and not exceeding 36.9234 million shares (representing 2% of the company's total equity). The proportion of the special loan amount in the total increase amount will not exceed 90%.

Zhangjiagang Guangda Special Material, specializing in the research, production, and sales of special steel materials, announced on January 1 that it intends to repurchase shares with an amount between 0.2 billion yuan and 0.4 billion yuan to be used for Stock-based Incentive and/or employee shareholding plans, with the repurchase price not exceeding 26.22 yuan per share. The funds for the share buyback will come from a special loan provided by Hua Xia Bank Zhangjiagang branch and the company's own funding, with the special loan not exceeding 0.24 billion yuan.

On January 3, Shenglu Telecommunication Tech., which specializes in communication antennas and Military Industry electronics, announced plans to use its own funds and special loan funds for Share Buyback to repurchase shares for the implementation of employee stock ownership plans or Stock-based Incentive plans. The total amount for this buyback will not be less than 0.143 billion yuan and not more than 0.286 billion yuan, with a buyback price not exceeding 10.85 yuan per share. The company has obtained a "Loan Commitment Letter" issued by the Foshan branch of Shanghai Pudong Development Bank Co., Ltd., agreeing to provide special loan support for the company’s share buyback, with a loan amount not exceeding 0.2 billion yuan and a loan term of no more than 3 years.

On December 30, 2024, Zhejiang Sanhua Intelligent Controls, whose main business is divided into refrigeration Air Conditioner appliance parts and Auto Parts, announced plans to use its own funds and special loan funds for Share Buyback to repurchase company shares through a centralized bidding transaction. The repurchased shares will subsequently be used for Stock-based Incentive plans or employee stock ownership plans. The total amount for this buyback will not be less than 0.3 billion yuan and not more than 0.6 billion yuan, with a buyback price not exceeding 36.00 yuan per share.