Kaichun Co., Ltd. announced on November 4. Recently, the company has received a “Loan Commitment Letter” issued by Bank of China Co., Ltd. Shanghai Xuhui Branch. The loan amount is no more than 20 million yuan, the loan ratio is no more than 90% of the repurchase amount, the loan period is not more than 1 year, and the loan is used exclusively to repurchase the company's shares. Earlier, the company held the 6th meeting of the fourth board of directors on October 22, 2026 to review and pass the “Proposal on the Company's Share Repurchase Plan”, agreeing that the company would use its own funds and/or special loan funds to repurchase some RMB common shares already issued by the company through centralized bidding transactions for subsequent implementation of equity incentives or employee stock ownership plans. The total capital used to repurchase shares this time is not less than 10 million yuan and no more than 20 million yuan. The repurchase price of shares is no more than 38.3 yuan/share. The repurchase period is within 12 months from the date the company's board of directors reviews and approves the share repurchase plan.

Kaichun Co., Ltd. announced on November 4. Recently, the company has received a “Loan Commitment Letter” issued by Bank of China Co., Ltd. Shanghai Xuhui Branch. The loan amount is no more than 20 million yuan, the loan ratio is no more than 90% of the repurchase amount, the loan period is not more than 1 year, and the loan is used exclusively to repurchase the company's shares. Earlier, the company held the 6th meeting of the fourth board of directors on October 22, 2026 to review and pass the “Proposal on the Company's Share Repurchase Plan”, agreeing that the company would use its own funds and/or special loan funds to repurchase some RMB common shares already issued by the company through centralized bidding transactions for subsequent implementation of equity incentives or employee stock ownership plans. The total capital used to repurchase shares this time is not less than 10 million yuan and no more than 20 million yuan. The repurchase price of shares is no more than 38.3 yuan/share. The repurchase period is within 12 months from the date the company's board of directors reviews and approves the share repurchase plan.