Renxin New Material (301395.SZ) obtained a commitment letter for a special loan of no more than 63 million yuan for repurchasing.

Renxin New Material (301395.SZ) announced that the company plans to repurchase company shares with an amount ranging from RMB 35 million to RMB 70 million. Recently, the company obtained a "Loan Commitment Letter" from ICBC Huizhou Branch, with a loan amount not exceeding RMB 63 million (90% of the repurchase amount limit). The loan duration is up to 3 years, with a loan interest rate of no less than 1 year LPR-114BP. The loan will be used for the company's stock repurchase.