Hunan Valin Steel secures loan for stock repurchase

Hunan Valin Steel (SZSE:000932) announced it has received a loan commitment from China Construction Bank's Hunan branch for a special loan of up to RMB 360 million dedicated to stock repurchase. The loan amount will not exceed 90% of the total repurchase funds and will have a term of no more than 36 months. The funds will be used specifically for the company's previously announced stock repurchase program. The repurchase plan, approved by shareholders, aims to repurchase between 34.48 million and 68.96 million shares at a price not exceeding RMB 5.80 per share, for cancellation, reducing registered capital. The commitment is valid until February 28, 2026.