Zhejiang JIULI Hi-tech Metals (002318.SZ) obtained a commitment from the Construction Bank Huzhou Branch to repurchase special loans of no more than 200 million yuan.

Zhejiang JIULI Hi-Tech Metals (002318.SZ) announced that the company had previously planned to repurchase shares worth 150 to 300 million yuan. Recently, in accordance with the notice issued by the People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission regarding the establishment of stock repurchase and increase loans, the company and China Construction Bank Huzhou Branch reached an agreement. China Construction Bank Huzhou Branch issued a "China Construction Bank Corporation Loan Commitment Letter" agreeing to provide the company with a special loan for stock repurchase, not exceeding 200 million yuan, with a loan term of 1 year. In addition to the aforementioned loan, the remaining funds for this repurchase will be from the company's own funds. The obtaining of the "China Construction Bank Corporation Loan Commitment Letter" will provide specific financing support for the company's share repurchase. The company will implement the repurchase plan within the repurchase period based on the actual receipt of loan funds, fund utilization regulations, and market conditions, strictly adhering to the principle of "special funds for special use, closed operation."