Announcement on Obtaining Commitment Letter for Special Loan for Stock Repurchase from Financial Institution

✨ AI Summary

Zhejiang Meili Technology Co., Ltd. has obtained a commitment letter for a special loan from China Merchants Bank for stock repurchase. The loan amount is capped at RMB 63 million, with a term of up to 36 months. The funds will be specifically used for repurchasing company shares as part of an employee stock ownership plan. The company will adhere to relevant regulations during the repurchase process.

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