Chunqiu Electronics (603890.SH) obtained a commitment letter from a financial institution for a special loan for share repurchase.

Zhitong Finance APP news, Chunqiu Electronics (603890.SH) issued an announcement. The company previously planned to repurchase shares for RMB 40 million to RMB 80 million. Recently, the company received a Loan Commitment Letter issued by the Kunshan Branch of Industrial and Commercial Bank of China Co., Ltd. Loan amount: not exceeding RMB 72 million; loan term: 3 years; loan purpose: exclusively for repurchasing the company's shares.