Xiangcai shifts repurchase funding, secures CNY 40m loan

Xiangcai Shares (SSE:600095) announced it is adjusting the source of funds for its share repurchase program to include a special loan, in addition to existing self-owned funds. The company aims to enhance capital efficiency and capitalize on government support policies for stock repurchases. The decision was authorized by management under the existing repurchase plan approved at the third meeting of the tenth board of directors on April 14, 2024.