ZCZL (00564.HK): Obtains bank commitment letter for share buyback special loan of up to RMB 360 million
NewTimeSpace News: On 30 August 2026, ZCZL Industrial Technology Group Company Limited (stock code: 00564) announced that the Company has recently obtained a Loan Commitment Letter issued by the Zhengzhou Branch of China CITIC Bank Co., Ltd., agreeing to provide special loan support for the repurchase of the Company's shares, with a committed loan amount of no more than RMB 360.00 million and a loan term of no more than 36 months, with the loan to be used exclusively for the repurchase of the Company's A shares through centralized competitive trading, and not to be transferred or used as security, financing or disguised financing.
According to the announcement, the Company's A-share repurchase plan was considered and approved at the 27th meeting of the sixth session of the Board on 31 July 2026 and at the third extraordinary general meeting of 2026, the third A-share class meeting of 2026 and the third H-share class meeting of 2026 on 25 August 2026, approving the repurchase of the Company's A shares through centralized competitive trading using its own or self-raised funds, with an aggregate repurchase amount of no less than RMB 300 million (inclusive) and no more than RMB 400 million (inclusive); part of the repurchased shares will be cancelled to reduce registered capital, and part will be used for future equity incentives/employee shareholding plans.
The Company stated that the loan commitment letter provides financing support for the A-share repurchase, with the specific loan arrangements subject to the formally signed loan contract; the commitment letter does not represent the Company's commitment to the repurchase amount, and the specific repurchase amount and number of shares are subject to the repurchase implementation results disclosed by the Company. The Company will implement the repurchase plan at an appropriate time within the repurchase period based on market conditions and fund availability, and fulfill its information disclosure obligations in a timely manner.
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