Jingxing Paper secures loan, provides guarantee update

Zhejiang Jingxing Paper Joint Stock (SZSE:002067) announced it received a CNY 12 million loan commitment from China Construction Bank to support its ongoing share repurchase program. The loan, outlined in the "China Construction Bank Loan Commitment Letter" (Jian Zhe Jia Ping Cheng Bian [2025] No. 01), has a term of up to three years and is specifically earmarked for repurchasing company stock. In October 2024, the company approved a repurchase plan of between CNY 8 million and CNY 15 million, with the intention of converting the repurchased shares into stock options.