Hengyi Petrochemical: Obtained 900 million RMB special loan for stock repurchase, repurchase has not been implemented yet.

Hengyi Petrochemical announced that on January 22, 2026, the board of directors agreed to repurchase shares through centralized bidding transactions with a total amount of not less than 500 million yuan and not more than 1 billion yuan, at a repurchase price not exceeding 15 yuan per share, with a term of 12 months. Recently, the company received a commitment letter from the Industrial and Commercial Bank of China Zhejiang Branch, stating that the bank will provide a special loan of up to 900 million yuan with a term not exceeding 3 years for this repurchase. As of January 30, the company has not repurchased any shares, and will continue to implement the repurchase program according to market conditions.