Zhaochi Co., Ltd.: Received a commitment for a stock repurchase loan of up to 450 million yuan from the Shenzhen branch of Industrial and Commercial Bank of China.

Zhaochi Co., Ltd. announced that the company will implement a share buyback plan on August 10, 2026, with a total funding amount of 300 million to 500 million yuan, and the buyback price will not exceed 13.99 yuan per share, with a duration of 3 months. Recently, the company received a "Loan Commitment Letter" from the Shenzhen branch of Industrial and Commercial Bank of China, agreeing to provide a special loan quota not exceeding 450 million yuan and not exceeding 90% of the total buyback funds, with a term not exceeding 3 years, specifically for the purpose of repurchasing shares. The specific loan will be subject to the loan agreement.