Five New SSE Companies Applying for Special Loans for Share Repurchase and Shareholding Increase

Translated from Shanghai Securities News—www.cnstock.com

(Shanghai Securities News, www.cnstock.com) (Reporter He Xinyi) An increading number of A-share listed companies are applying for special loans for share repurchase and shareholding increase. On the evening of October 22, 5 listed companies of the Shanghai Stock Exchange(SSE) announced special loans for share repurchase and shareholding increase, including Anhui Anfu Battery Technology Co., Ltd., Liqun Commercial Group Co., Ltd., Milkyway Chemical Supply Chain Service Co., Ltd., Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. and Suzhou Jinhong Gas Co., Ltd., with a total of RMB 852 million in special loans for share repurchase and shareholding increase. This is another batch of companies applying for special loans for share repurchase and shareholding increase after 23 companies in Shanghai and Shenzhen stock markets that applied for such special loans on October 20.

In terms of loan amount, a total of 18 listed companies of the SSE in the two batches obtained a total of RMB 6.028 billion in loans for share repurchase and shareholding increase (excluding companies with undisclosed amounts). Among them, the special funds for share repurchase were about RMB 2.652 billion, and the special funds for shareholding increase were about RMB 3.376 billion. In terms of banks providing special loans for share repurchase and shareholding increase, many banks have participated in providing such special loans, including the three major banks, namely Industrial and Commercial Bank of China Limited, Bank of China Limited and China Construction Bank Corporation, as well as China Merchants Bank Co., Ltd. and China CITIC Bank Corporation Limited.

The above information is provided for reference purposes only and does not constitute investment advice.