Recently, Beijing Dongfang Technology Group Co., Ltd. (hereinafter referred to as "the Company") received a loan commitment letter from the Bank of China Commercial Banking Co., Ltd. Beijing Branch (hereinafter referred to as "the Bank") to provide financing support for the share repurchase program, with a total amount not exceeding 50 billion RMB (equivalent to 50 billion yuan), and not exceeding 90% of the repurchase transactions.
Basic Situation of the Share Repurchase
The Company held its 11th meeting of the 12th Board of Directors on March 30, 2026, and passed the proposal regarding the share repurchase plan. The repurchase of shares will be conducted in accordance with the relevant regulations of the "Guidelines on Share Repurchase by Listed Companies." Under the condition that the repurchase price does not exceed 6.00 RMB per share, the maximum number of shares to be repurchased is limited to 105,000,000 shares, with a total repurchase amount not exceeding 63 billion RMB. The minimum repurchase amount is set at 60 million RMB, with a total repurchase amount not exceeding 36 billion RMB. The repurchase plan is expected to be implemented within 12 months from the date of the announcement.
Main Content of the Loan Commitment Letter
Recently, the Company received the loan commitment letter from the Bank, which provides financing support for the share repurchase program. The specific loan amount is not exceeding 50 billion RMB (equivalent to 50 billion yuan), and not exceeding 90% of the repurchase transactions supported, with a term not exceeding three years.