On September 26, KIBING announced that the company recently obtained a "Loan Commitment Letter" issued by the Hunan Branch of the Industrial and Commercial Bank of China, promising to provide the company with a special loan for share repurchase of no more than 90 million yuan. This loan will be specifically used for repurchasing the company's shares, with a loan term of no more than three years. The total amount of funds the company plans to repurchase is not less than 100 million yuan and not more than 200 million yuan, with the specific repurchase amount and quantity subject to the actual repurchase situation