On January 3, Ge Long Hui reported that Guangdong Shenglu Telecommunication Tech. (002446.SZ) announced that the company plans to use its own funds and special loans for Share Buyback to repurchase part of the issued ordinary shares (A shares) through centralized bidding on the Shenzhen Securities Exchange system. The repurchased shares are intended to implement an employee stock ownership plan or Stock-based Incentive plan.

The total amount of funds for this repurchase is not less than 0.1429 billion yuan (inclusive) and not more than 0.2858 billion yuan (inclusive), with the repurchase price not exceeding 10.85 yuan/share (inclusive). Based on the upper limit of the repurchase amount of 285.8 million yuan and the upper limit of the repurchase price of 10.85 yuan/share, the estimated number of shares to be repurchased is approximately 26,341,014 shares, accounting for about 2.88% of the company's total share capital. According to the lower limit of the repurchase amount of 142.9 million yuan and the upper limit of the repurchase price of 10.85 yuan/share, the estimated number of shares to be repurchased is approximately 13,170,507 shares, accounting for about 1.44% of the company's total share capital. The specific total amount of funds for the repurchase, the number of repurchased shares, and the percentage of the company's total share capital will be subject to the company's actual repurchase situation upon completion of the repurchase.

The funds for this repurchase come from the company's own funds and special loans for Share Buyback. As of the announcement date, the company has obtained a "Loan Commitment Letter" issued by the Foshan branch of Shanghai Pudong Development Bank Co., Ltd., agreeing to provide special loan support for the company's Share Buyback, with a loan amount not exceeding 0.2 billion yuan and a loan term not exceeding 3 years. Aside from the above loan, the remaining funds for the company's share repurchase will come from the company's own funds.