According to the Zhitong Finance App, Tianyu Semiconductor (02658) issued an announcement that it has approved an H share repurchase plan. The plan provides for the repurchase of the company's H shares on the Hong Kong Stock Exchange Limited on the market in accordance with a general mandate granted by shareholders at the 2025 Annual General Meeting of Shareholders to be held on May 19, 2026. The number of H shares to be repurchased will not exceed 10% of the H shares issued as of the date the repurchase authorization was granted (excluding inventory H shares (if any)), or 5.899 million H shares.

The plan reflects the board's confidence in the company's future development, and aims to protect the company's value and shareholders' rights and enhance investor confidence. In approving the plan, the board of directors has taken into account the company's development prospects, operating and financial situation, profitability, and recent H share price performance.

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