Lomon Billions announces share repurchase plan

Lomon Billions Group Co., Ltd. announced a share repurchase program, approved on June 6, 2025, intending to use the repurchased shares for either an employee stock ownership plan or equity incentives. The company will repurchase shares via centralized bidding, with a price not exceeding CNY 24.32 per share. The total repurchase amount will range between CNY 500 million and CNY 1 billion, funded by the company's own capital and special repurchase loans. Based on the maximum repurchase price, the company could repurchase between 20,559,211 and 41,118,421 shares, representing 0.86% to 1.72% of the current total share capital. The repurchase is to be completed within 12 months of board approval. China CITIC Bank plans to provide a CNY 900 million special loan for the share repurchase.