China CAMC Engineering secures $90m loan for share repurchase program

China CAMC Engineering Co., Ltd. recently secured a commitment letter for a special share repurchase loan from CITIC Bank Beijing Branch. This loan, with a maximum amount of CNY 90 million, is specifically earmarked for the company's share repurchase program and has a term of three years. The funds are solely for repurchasing the company's shares and cannot be transferred, used as collateral, or for other purposes.

The company's board of directors approved a plan on October 13, 2025, to repurchase a portion of its A-shares using its own funds and self-raised capital. The repurchased shares will be cancelled, reducing the company's registered capital. The repurchase price will not exceed CNY 12.85 per share, with an estimated total expenditure ranging from CNY 50 million to CNY 100 million.

The repurchase period is set for 12 months from the date the plan is approved by the shareholders' meeting. The company emphasizes that the loan commitment does not reflect a final commitment to the repurchase amount, which will be determined by actual market conditions. Investors are advised to be aware of investment risks.