Shenzhen Poco New Materials Co., Ltd. recently obtained a loan commitment letter issued by the Shenzhen branch of China Merchants Bank, agreeing to provide a special loan facility of no more than 180 million yuan for the company's share buyback project, with a loan term of 36 months, to be used exclusively for repurchasing shares of the listed company. The company held a board meeting on August 3, 2026, and approved the buyback plan, intending to use no less than 100 million yuan and no more than 200 million yuan of its own or self-raised funds to repurchase shares, for cancellation and reduction of registered capital, with a maximum buyback price of 122.69 yuan per share and a buyback period of 12 months.
Poco Holding Co LtdCompany receives loan commitment for share buyback, supporting capital return.
