Inspur plans share repurchase, backed by loan commitment

Inspur Electronic Information Industry Co., Ltd. (SZSE:000977) announced plans to repurchase company A-shares using a combination of its own funds and borrowed capital, with the intention of reducing the company's registered capital. The total repurchase amount will range from a minimum of CNY 200 million to a maximum of CNY 300 million, at a price not exceeding CNY 75.59 per share. The company has secured a loan commitment from the Industrial and Commercial Bank of China for up to CNY 270 million to support the repurchase. The repurchase period will be 12 months from the date of shareholder approval. This decision comes after a previous announcement on April 11, 2025, regarding Inspur Group's plans to increase its holdings of the company's shares by between CNY 100 million and CNY 200 million. The repurchase plan is subject to shareholder approval.