Shanghai Jinqiao Export Processing Zone Development (600639.SH) plans to allocate 125 million to 250 million yuan to repurchase shares.

Shanghai Jinqiao Export Processing Zone Development (600639.SH) announced that the company plans to invest 125 million to 250 million yuan to repurchase shares, with a repurchase price not exceeding 12.8 yuan per share. The purpose of repurchasing shares is to maintain the company's value and shareholder equity. The sources of funds for repurchasing shares are as follows: 1. Not more than 75 million yuan from the company's own funds; 2. Financial institution loans as the upper limit of special loans for repurchases, estimated at 175 million yuan. After the release of the "Notice on Matters Related to the Establishment of Stock Repurchase and Increased Repurchase Re-lending" by the People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission, the company has been in talks with relevant commercial banks about borrowing funds. On November 7, 2024, the company obtained a "Loan Commitment Letter" from the Agricultural Bank of China Shanghai Branch, which will provide financing support for the company to repurchase its own shares. The company will sign a stock repurchase loan contract with the bank.