Changhong Huayi: The company has obtained the "Loan Commitment Letter" issued by the Jiangxi Branch of Industrial and Commercial Bank of China Limited.

Changhong Huayi Announcement: The company plans to repurchase shares with a total amount of 150 million to 300 million yuan, with the funds coming from its own funds and repurchase special loans. The repurchase price shall not exceed 9.8 yuan per share, and the repurchased shares will be used for implementing the equity incentive plan. The company has obtained a "Loan Commitment Letter" issued by Industrial and Commercial Bank of China Jiangxi Branch, agreeing to provide the company with a stock repurchase loan amounting to no more than 270 million yuan, and not exceeding 90% of the total repurchase funds. The loan term shall not exceed 36 months.