---
title: "MEIYAPICO INC.: Received a loan commitment of no more than 45 million yuan from the Siming Branch of Agricultural Bank of China"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/236178554.md"
description: "MEIYAPICO INC. announced that it has obtained a loan commitment of no more than 45 million yuan from the Agricultural Bank of China Siming Branch, specifically for the purpose of repurchasing company shares. The loan term is 3 years, and the repurchase plan will be reviewed and approved at the board meeting on April 14, 2025, with plans to use 30 million to 50 million yuan of its own or self-raised funds for the repurchase, with a repurchase price not exceeding 14.45 yuan per share"
datetime: "2025-04-16T07:52:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/236178554.md)
  - [en](https://longbridge.com/en/news/236178554.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/236178554.md)
---

# MEIYAPICO INC.: Received a loan commitment of no more than 45 million yuan from the Siming Branch of Agricultural Bank of China

MEIYAPICO INC. announced that the company recently received a "Loan Commitment Letter" issued by the Siming Branch of Agricultural Bank of China, promising to provide a loan of no more than 45 million yuan, which shall not exceed 90% of the total amount of this repurchase, specifically for the purpose of repurchasing the company's shares. The loan term is 3 years, and the loan is specifically for share repurchase, with the validity period of the commitment letter being two years from the date of issuance. This repurchase plan was approved at the eighth meeting of the sixth board of directors held on April 14, 2025. The company agreed to use no less than 30 million yuan and no more than 50 million yuan of its own funds or self-raised funds to repurchase shares through centralized bidding, with the repurchase price not exceeding 14.45 yuan per share. The special loan amount for this stock repurchase does not represent the company's commitment to the repurchase amount; the specific amount of shares repurchased will be based on the actual amount repurchased upon the expiration of the repurchase period or the completion of the repurchase plan

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