Kingfa Sci. & Tech. Co., Ltd. (600143.SH) has announced that it previously planned to use a total of RMB 300 million to RMB 500 million of its own funds and self-raised funds to repurchase part of its shares through centralized bidding transactions, with all repurchased shares to be cancelled and the company's registered capital reduced accordingly.

At the same time, the company noted that in order to maintain the stable operation of the capital market, the People's Bank of China has stepped up the implementation of the relending policy for stock repurchases and increases, and from November 4, 2026, lowered the relending rate for stock repurchases and increases by 0.25 percentage points to 1%. This policy has provided strong support for the company to safeguard its value and shareholders' rights and interests through share repurchases and other means.

The company has obtained a Loan Commitment Letter issued by the Guangzhou Branch of Industrial and Commercial Bank of China Limited (ASX: 601398), under which the bank has committed to providing the company with a special loan for stock repurchases in an amount not exceeding RMB 450 million and not exceeding 90% of the repurchase amount, to be used exclusively for the company's share repurchase.