Caixin News on November 2nd (Edited by Ruoyu): A-share listed companies' repurchase and shareholding loans are accelerating. According to incomplete statistics from Caixin, as of the time of publication, this week (October 28th to November 1st), including Wellhope Foods, Changzhou NRB Corporation, Harbin Gloria Pharmaceuticals, Cheng De LoLo, Yaokang Biotechnology, Double Medical Technology Inc., Digital China Group, Jiamei Food Packaging, Pingdingshan Tianan Coal Mining, Lotus Holding, Keda Industrial Group, PNC Process Systems, Guangdong Shaoneng Group, Digital China Group, Suzhou Maxwell Technologies, Guangdong HEC Technology Holding, CH Energy Eng, China Zhenhua, Xiamen ITG Group Corp., Ltd., Taiyuan Heavy Industry, Anhui Truchum Advanced Materials and Technology, a total of 21 listed companies disclosed the situation of repurchase and shareholding with re-loans, the specific details are as shown in the following table:

Among the listed companies in the above announcements that use special loans for share buybacks or shareholding plans, Pingdingshan Tianan Coal Mining received the highest amount of special loan, reaching nearly 0.7 billion yuan.

Pingdingshan Tianan Coal Mining, whose main business is coal mining, washing, processing, and sales, announced on October 30th that the company plans to repurchase shares through centralized bidding trading. The total repurchase amount shall not be less than RMB 0.5 billion (inclusive) and not more than RMB 1 billion (inclusive), with a repurchase price not exceeding RMB 14.36 per share. The repurchased shares this time are intended for stock-based incentives or employee stock ownership plans. The company has signed a cooperation agreement on repurchase loans with the Pingdingshan Branch of the Industrial and Commercial Bank of China, and at the same time, the Industrial and Commercial Bank of China Henan Branch issued a 'loan commitment letter' committing to provide financing support for the company's share repurchase. The special loan amount does not exceed 0.7 billion yuan.

In addition, many listed companies including Harbin Gloria Pharmaceuticals, Cheng De LoLo, Guangdong HEC Technology Holding, and CH Energy Eng successively disclosed this week receiving funding support for their previously announced repurchase or shareholding plans. Cheng De LoLo, China's largest almond jelly production enterprise, announced on October 31st that the company has recently received a 'loan commitment letter' issued by the China Construction Bank, promising to provide 0.49 billion yuan of stock repurchase and shareholding loan funds specifically for stock repurchases. Previously, Cheng De LoLo announced on October 24th its plan to repurchase 30 million to 60 million shares of the company's stock for cancellation to reduce the company's registered capital.

On October 31st, Guangdong HEC Technology Holding, a comprehensive super-large group company that provides comprehensive solutions and full industry chain services for China and even global energy, electricity, and infrastructure industries, announced that its double main business development in the aluminum foil industry chain and pharmaceutical manufacturing. The company's controlling shareholder, Shenzhen HEC Technology Holding, signed a 'Stock Holding Loan Contract' with CEB Bank Shenzhen Branch to provide financing support for Shenzhen HEC Technology Holding to increase its holding of the company's stock. The loan amount does not exceed 0.315 billion yuan, specifically used for Shenzhen HEC Technology Holding through the Shanghai Stock Exchange trading system to increase its holding of the company's A-share stocks. On October 23rd, Guangdong HEC Technology Holding announced that the controlling shareholder Shenzhen HEC Technology Holding plans to increase its holdings of the company's A-share stocks within 12 months, with an amount between 0.5 billion yuan and -0.8 billion yuan, and the amount may be increased based on market conditions in the future.

CH Energy Eng, a comprehensive super-large group company that provides overall solutions and full industry chain services for the energy, power, and infrastructure industries in China and even globally, announced on October 31st that its controlling shareholder, CH Energy Eng Group, plans to increase its holdings of the company's stock by 0.3 billion yuan to -0.5 billion yuan. Recently, the company received a notice from CH Energy Eng Group that CH Energy Eng Group has signed an 'Increased Holding Loan Contract' with CEB Bank, in which CEB Bank intends to provide financing support for CH Energy Eng Group's current holding plan. In addition, CH Energy Eng released the third-quarter report for 2024 on October 30th, achieving revenue of 100.877 billion yuan in the third quarter, an 8.24% year-on-year increase; the net profit attributable to the company's shareholders was 0.822 billion yuan, a 97.81% year-on-year increase.