Shandong Linuo Pharmaceutical Packaging (301188.SZ) plans to repurchase 50 million to 100 million yuan of shares, with a repurchase price not exceeding 22 yuan per share.

Shandong Linuo Pharmaceutical Packaging (301188.SZ) announced that the company plans to repurchase its own shares with its own funds, as well as specialized loan funds, for use in equity incentive plans or employee stock ownership plans. The total amount of funds for repurchasing shares shall be no less than 50 million yuan (inclusive), and no more than 100 million yuan. The repurchase price shall not exceed 22.00 yuan per share (including the principal). The implementation period for the repurchase of shares shall be within 12 months from the date of approval by the board of directors. Currently, the company has obtained a "Loan Commitment Letter" from CITIC Bank Co., Ltd. Jinan Branch, committing to provide specialized loan support for the company's share repurchase, with a loan amount not exceeding 90 million yuan, for the purpose of repurchasing company shares, with a loan term of 3 years.