Haers secures loan for share repurchase program

Zhejiang Haers Vacuum Containers (SZSE:002615) announced it has secured a loan commitment from the Zhejiang branch of the Industrial and Commercial Bank of China to fund its share repurchase program. The loan commitment is for up to CNY 144 million, with a term of three years, and is specifically designated for repurchasing the company's shares through the securities exchange trading system. This move supports Haers' plan to repurchase shares for future equity incentive or employee stock ownership programs, previously approved at the company's board meeting on April 20, 2025. The repurchase plan aims to utilize between CNY 8 million and CNY 16 million of either the company's own funds or raised capital, with a repurchase price not exceeding CNY 11.00 per share. The company emphasizes that the committed loan amount does not represent a guarantee of the final repurchase amount.