Guangdong Weide Information Technology (688171.SH) obtains special loan for stock buyback.

Guangdong Weide Information Technology (688171.SH) announced that the company has reached a cooperation agreement with China Construction Bank Corporation Limited Guangzhou Development Zone Branch regarding a special loan for the repurchase of the company's shares. The company has received a "Commitment Letter for Special Loan for Stock Repurchase" from the development zone branch of China Construction Bank, which agrees to provide the company with a loan not exceeding RMB 21 million for the purpose of repurchasing the company's shares. The loan is to be used for the payment of the repurchase transaction price and related expenses, with a term not exceeding 12 months. Specific details will be based on the actual contracts signed in the future.