Zhejiang Huada New Materials (605158.SH) Adjusts Repurchase Fund Source, Already Obtained Commitment of Repurchase Loan from China Merchants Bank not Exceeding 140 Million Yuan.

Zhejiang Huada New Materials (605158.SH) has announced that the company previously planned to use its own funds of 100 million to 200 million yuan to repurchase company A-shares through centralized bidding trading. In order to further improve the efficiency of fund utilization and make full use of the national support policies for listed companies repurchasing stocks. After fully considering the company's existing cash situation, future fund utilization plans, and project construction, the company plans to adjust the source of repurchase funds from "own funds" to "own funds and self-raised funds." Apart from the above adjustment, the other contents of the stock repurchase plan remain unchanged. The company has received a "Loan Commitment Letter" issued by China Merchants Bank Hangzhou Branch. In response to the decisions and arrangements of the central government and the State Council, and in accordance with the "Notice on Matters related to Setting up Stock Repurchase and Re-Lending by the People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission," and with the approval of China Merchants Bank headquarters, it has agreed to provide a loan amount of up to 140 million yuan for the company's stock repurchase project, with a loan period not exceeding 12 months. This commitment is valid until November 11, 2025, and the specific terms are subject to the final signed loan contract.