IMIC: Adjusting the source of funds for share repurchase to self-owned funds and special loans for stock repurchase
IMIC announced that the source of funds for the share repurchase will be adjusted from "self-owned funds" to "self-owned funds and special loan funds for stock repurchase." This adjustment has been approved by the resolution of the fourth meeting of the thirteenth board of directors and does not require submission to the shareholders' meeting for deliberation. The company has obtained a "Commitment Letter for Repurchase and Increase Loan" issued by the Shaanxi Branch of Bank of Communications Co., Ltd., committing to provide the company with a special loan for stock repurchase of no more than RMB 44.5 million, with a loan term of 3 years, and specific loan matters will be subject to the relevant contract signed by both parties
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