China Jushi secures loan for share repurchase program

China Jushi Co., Ltd. has received a loan commitment letter from China Merchants Bank, Jiaxing Branch, for a specialized stock repurchase loan. This commitment is for a maximum of 630 million yuan, not exceeding 90% of the total amount for the current stock repurchase, with a term of three years. The loan is specifically designated for the repurchase of the company’s shares.

The company's board previously approved a plan on September 24, 2025, to repurchase shares using its own and self-raised funds for equity incentives. The repurchase is slated to be between 30 million and 40 million shares, with a maximum price of 22 yuan per share. The total repurchase amount is estimated to be up to 880 million yuan and is valid for 12 months from the date of shareholder approval.

China Jushi emphasizes that the actual loan agreement will dictate the specific terms, and the commitment letter does not represent a final commitment on the repurchase amount. The company will proceed with the repurchase plan based on market conditions and available funds, in compliance with relevant regulations.