OmniVision Group (00501) Obtains Commitment Letter for Special Loan for Share Repurchase from Financial Institution

Zhitong Finance APP news, OmniVision Group (00501) announced that recently, the company has obtained a "Loan Commitment Letter" issued by the Shanghai Branch of Ping An Bank Co., Ltd., agreeing to provide special loan support for the company's repurchase of the company's A-shares through centralized bidding transactions. For this repurchase, the company may use no more than RMB 450 million of special stock repurchase loan, i.e., the special loan funds used shall not exceed 90% of the upper limit of the total repurchase funds, and the loan term shall not exceed 3 years. The specific loan matters shall be subject to the loan agreement ultimately signed by both parties.