Linglong Tire: Controlling shareholder obtains 270 million yuan special loan for increased holdings

Linglong Tire Announcement: The controlling shareholder Linglong Group has obtained a "Commitment Letter for Stock Increase Loan for Listed Companies" issued by the Industrial and Commercial Bank of Shandong Province, providing a loan amount of up to 270 million yuan for Linglong Group's plan to increase its shareholding in the company, with a loan term not exceeding 3 years. Linglong Group plans to increase its shareholding in the company through centralized bidding trading, with a total amount of increase of not less than 2 billion yuan and not exceeding 3 billion yuan, without setting a price range for the increase.