Shunfa Hengneng Corporation (000631.SZ) plans to spend 250 million to 500 million yuan to repurchase shares.

Shunfa Hengneng Corporation (000631.SZ) announces that the company will repurchase a portion of its A shares from the public through centralized bidding trading. The total amount of funds for the repurchase will not be less than 250 million yuan and not more than 500 million yuan, with a repurchase price not exceeding 4.95 yuan per share. The repurchased shares will be used for cancellation and reduction of the company's registered capital. The company will use its own funds and special stock repurchase loan funds for the repurchase. The company has obtained a Loan Commitment Letter from the Hangzhou branch of China Construction Bank Corporation, promising to provide the company with a stock repurchase loan of up to 450 million yuan, with a loan term of 3 years. The company will strictly abide by the principle of "dedicated and closed operation" for the loan funds during the implementation of the repurchase plan.