Shentong Express: Shanghai Pudong Development Bank Hangzhou Branch promises a special loan of 405 million yuan for stock repurchase.

Shentong Express announced that the company plans to repurchase shares with a total amount of 35 million to 450 million yuan on June 23, 2026 for equity incentives or employee stock ownership plans. The repurchase price will not exceed 22 yuan per share, and the implementation period will not exceed 12 months. Recently, the company received a "Loan Commitment Letter" from the Hangzhou Branch of Pudong Development Bank, with a maximum loan amount not exceeding 405 million yuan and a term not exceeding 3 years. The loan is only for the repurchase of company stocks. This loan commitment letter does not represent a commitment to the amount of repurchase, and further progress will be disclosed in accordance with regulations.