Hainan Mining (601969.SH) intends to spend 75 million to 150 million yuan to repurchase shares.

Hainan Mining (601969.SH) disclosed a share repurchase plan. The company's share repurchase amount this time is not less than RMB 75 million (inclusive) and not more than RMB 150 million (inclusive). The repurchase price for the shares will not exceed RMB 10.12 per share (inclusive), and the repurchased shares will be cancelled and the registered capital reduced. The company has obtained a "Loan Commitment Letter" from China Minsheng Banking Corp., Ltd. Haikou Branch, providing a loan fund of not more than RMB 120 million (inclusive) for the purpose of repurchasing the company's stocks, with a loan term of 3 years. The specific loan terms will be based on the loan contract signed by both parties.