Changshu Fengfan Power Equipment (601700.SH) received a commitment letter from the Agricultural Bank of China for a 250 million yuan stock buyback loan.

Changshu Fengfan Power Equipment (601700.SH) announced that the company recently received a letter of commitment for a loan from the Agricultural Bank of China Changshu Branch. The Agricultural Bank of China Changshu Branch has committed to providing a special loan of 250 million yuan for the company to use for stock repurchases. The specific amount of the loan to be used will be based on the actual funds used for repurchases.