Hongfuhan Receives 40 Million Yuan Stock Buyback Special Loan Commitment Letter

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Hongfuhan announced that the company recently obtained a loan commitment letter from the Shenzhen branch of Agricultural Bank of China, with a loan amount not exceeding 40 million yuan and a term of three years, specifically for repurchasing company shares. Previously, the company planned to repurchase shares using its own funds and self-raised funds, with a total repurchase amount of no less than 25 million yuan and no more than 50 million yuan, and a repurchase price not exceeding 263.36 yuan per share.

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