LOLO: Adjusts stock repurchase loan contract limit to 617 million yuan

LOLO announced that the company has re-signed a stock repurchase loan contract with financial institutions, adjusting the special loan amount and term. The original loan amount was 490 million yuan, now increased to 617 million yuan, of which the term for the already withdrawn 26.6 million yuan loan remains unchanged, while the term for the remaining 590 million yuan loan amount has been extended from 12 months to 36 months. The company has cumulatively repurchased 3 million shares through centralized bidding, accounting for 0.29% of the total share capital, with a total transaction amount of 25.8289 million yuan. The loan is specifically used for stock repurchase, does not constitute a related party transaction or major asset restructuring, and will not have a significant impact on the company's operating performance for the year