Ningbo KBE Electrical Technology (300863.SZ) announced that the Board of Directors approved the buyback plan on April 9, 2025, planning to use no less than 0.2 billion yuan and no more than 0.3 billion yuan of self-owned or self-raised funds to repurchase company Stocks for Stock-based Incentive or to convert into Convertible Bonds. Recently, the company obtained a commitment letter for a loan of 0.15 billion yuan from the Ningbo branch of China Construction Bank Corporation, to be used for repurchasing company Stocks, with a loan term of 3 years.