Shenma Industrial (600810.SH) plans to repurchase shares worth 150 million to 300 million yuan, and has already received commitments for loans of up to 2.1 billion yuan for the repurchase.

Shenma Industrial (600810.SH) has announced that the company plans to repurchase shares worth 150 million to 300 million yuan. The repurchase price will not exceed 10.77 yuan per share and will be used to maintain the company's value and shareholder equity. The funds for the share repurchase will come from the company's own funds and a special loan provided by Industrial and Commercial Bank of China, Henan Branch. As of the announcement disclosure date, the company has signed a cooperation agreement with the Pingdingshan Branch of Industrial and Commercial Bank of China for the relevant repurchase loan, and the Henan Branch of Industrial and Commercial Bank of China has issued a "Loan Commitment Letter" promising to provide financing support for the company's share repurchase. The special loan amount will not exceed 210 million yuan (the specific loan amount will be determined by the company's share repurchase program disclosure announcement, and in case of adjustments to national policies and regulations in the future, the loan amount as a percentage of the total repurchase amount and the proportion of self-owned funds contribution will comply with the latest national requirements), with a term of 1 year (with the possibility of extension according to regulatory requirements upon maturity).