Rongchang Biotech (09995) obtained a letter of commitment from financial institutions for a special loan for stock repurchase.

The Zhitong Financial APP reported that Rongchang Biology (09995) announced recently that the company has obtained a "Loan Commitment Letter" issued by the Yantai Branch of China Merchants Bank Co., Ltd. The main contents are as follows: 1. Loan commitment amount: Not exceeding RMB 36 million and not exceeding 90% of the actual repurchase amount. 2. Loan term: Not exceeding 36 months. 3. Loan purpose: Specifically used for repurchasing company shares.