Linglong Tire: Controlling shareholder obtains commitment letter for special loans to increase holdings, with a maximum loan amount of 207 million yuan.

Linglong Tire has announced that its controlling shareholder, Linglong Group Co., Ltd., has obtained a "Loan Commitment Letter" from the Shandong Branch of the Bank of China. The Shandong Branch of the Bank of China plans to provide a loan amount of up to 207 million yuan, which does not exceed 90% of the total amount for Linglong Group's plan to increase its company's shares. The loan has a term of no more than 3 years and an interest rate of 1.8%. According to the previously disclosed increase plan, Linglong Group plans to increase its company's shares through centralized bidding, with a total increase amount of no less than 180 million yuan and no more than 230 million yuan. The acquisition of this loan commitment letter is a progress in the increase plan.