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Thunder Software secures CNY 70m loan for buyback

May 27, 2025 at 05:19 PM UTCBy FilingReader AI

Thunder Software Technology (SZSE:300496) announced it has secured a loan commitment from China Merchants Bank, Beijing Branch, for up to CNY 70 million. The loan, with a term not exceeding 36 months, is specifically earmarked for repurchasing the company's A-shares. This move supports Thunder Software's previously announced stock repurchase plan, approved on April 7, 2025, which aims to buy back shares worth between CNY 50 million and CNY 100 million at a price not exceeding CNY 96 per share. As of April 30, 2025, the company had already repurchased 575,300 shares using its own funds, totaling CNY 29.3 million (excluding transaction fees). The repurchased shares are intended for employee stock ownership plans or equity incentives. The loan commitment is valid until May 5, 2026.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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