Youngor Fashion secures $864m loan for share repurchase program

Youngor Fashion Co., Ltd. announced on September 10, 2025, that it has received a loan commitment letter from the Ningbo Mingzhou Branch of Agricultural Bank of China Co., Ltd. This commitment is for a special loan for share repurchases, with an allocated amount not exceeding 864,000,000 yuan. This sum represents up to 90% of the total capital for the current share repurchase. The loan has a term of three years and is specifically designated for repurchasing the company's shares.

The company's board of directors previously approved a share repurchase plan on August 28, 2025, to buy back A-shares through centralized bidding. The repurchases, intended for employee stock ownership plans or equity incentives, are planned to use self-owned funds and other self-raised funds ranging from 500,000,000 yuan to 960,000,000 yuan. The repurchase price per share will not exceed 8 yuan, and the program is scheduled for completion within 12 months from the board's approval.

Youngor Fashion clarified that the loan commitment letter does not signify a definitive commitment to the repurchase amount, as the actual number of shares repurchased will determine the final figures. The specific rights and obligations related to the loan will be governed by the final signed loan agreement.