Kibing Group secures ICBC loan for share repurchase program

Zhuzhou Kibing Group (SSE:601636) announced it has obtained a loan commitment letter from the Hunan branch of Industrial and Commercial Bank of China for a special loan for share repurchases, totaling up to RMB 90,000,000. This loan, with a term not exceeding three years, will specifically finance the company's share repurchase plan.

The company's board of directors, on September 25, 2025, approved a share repurchase program utilizing its own or self-raised funds, with a total value between RMB 100,000,000 and RMB 200,000,000. The repurchase price will not exceed RMB 9.00 per share, aiming to repurchase between 11,000,000 and 22,000,000 shares. The repurchase period extends from September 25, 2025, to September 24, 2026.

This loan commitment provides financing support for the repurchase plan, reinforcing Zhuzhou Kibing Group's confidence in its long-term development and commitment to investor interests. The company will proceed with the repurchase as per regulatory requirements and disclose further developments.