Changshu fengfan power equipment announced that the company recently received a loan commitment letter issued by the Changshu branch of Agricultural Bank of China, obtaining a special loan limit of 0.25 billion yuan, used for share buyback. The company plans to repurchase part of the A-share stock through centralized bidding trading, with the repurchase purpose as stock-based incentive or employee stock ownership plan. The repurchase period is within 12 months from the date of board of directors approval, with a price not exceeding 6.9 yuan/share, and the total repurchase funds not less than 0.15 billion yuan and not exceeding 0.3 billion yuan. The loan period is one year, with the guarantee method being credit-based, and the commitment letter's validity is one year. The company will actively implement the buyback according to the plan.