On November 10, GeLongHui reported that JMGO Technology (688696.SH) announced that recently, the People's Bank of China, together with the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission, issued a notice on setting up a stock buyback and shareholding refinancing loan. This aims to encourage and guide financial institutions to provide loans to eligible listed companies and major shareholders, supporting their buyback and shareholding of listed company stocks. In order to further enhance the company's fund utilization efficiency and make full use of the country's support policies for listed companies to buy back stocks, on November 8, 2024, the company obtained a "Loan Commitment Letter" from Industrial Bank Co., Ltd. Chengdu Branch: Industrial Bank Co., Ltd. Chengdu Branch committed to provide the company with a special loan for stock buybacks, with a maximum loan amount not exceeding RMB 0.172 billion, and not exceeding 70% of the actual buyback amount later on.