Taiji Industry gets loan commitment for stock repurchase

Wuxi Taiji Industry (SSE:600667) announced it has received a commitment letter from the Industrial and Commercial Bank of China (ICBC) Wuxi Branch for a loan of up to CNY 108 million. The loan will be used to finance the company's planned share buyback program, which aims to repurchase shares through centralized bidding. The buyback program, approved by the board on April 24, 2025, targets a total repurchase amount between CNY 100 million and CNY 120 million, at a price not exceeding CNY 10.38 per share. The repurchased shares will be cancelled to reduce the company's registered capital. The loan term will not exceed three years, but the specific terms are subject to a formal loan agreement. The buyback proposal is still pending shareholder approval.