China Resources Chemical Innovative Materials (301090.SZ) plans to spend 60 million to 110 million yuan to repurchase shares and obtain up to 77 million yuan in special loan support for repurchases.

China Resources Chemical Innovative Materials (301090.SZ) disclosed a plan to repurchase company shares. The company intends to repurchase an amount not less than RMB 60 million (inclusive) and not more than RMB 110 million (inclusive), with a repurchase share price range not exceeding RMB 10.29 per share. The repurchased shares will be canceled and reduce the company's registered capital. The source of funds for this share repurchase is from the company's own funds and self-raised funds. The company has obtained a "Bank of Communications Co., Ltd. Changzhou Branch" (referred to as "Bank of Communications") issued a "Bank of Communications Stock Repurchase Loan Commitment Letter", promising to provide financing support of up to RMB 77 million for the company, with the loan purpose being to repurchase company stocks, and the loan term being 1 year.