HuaWu Co. Receives Commitment Letter from ICBC for Special Stock Buyback Loan of Up to 72 Million Yuan

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HuaWu Co. recently obtained a loan commitment letter from the Yichun branch of Industrial and Commercial Bank of China, agreeing to provide special loan support of up to 72 million yuan for the company's share buyback, with a loan term not exceeding three years. The total amount of this buyback is no less than 80 million yuan and no more than 150 million yuan, with a buyback price not exceeding 12 yuan per share, to be used for implementing employee stock ownership plans or equity incentives.

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