According to Zhitong Finance App News, Tianhe Magnetic Materials (603072.SH) announced that due to its own business development needs, the company shares Dongnan Tong Yuanlong Venture Capital Partnership (limited partnership) (former name: Nantong Yuanlong Intelligent Technology Center (limited partnership), “Nantong Yuanlong”) plans to reduce the total number of shares of the company by no more than 7.9284 million shares, with a total reduction ratio of no more than 3% of the company's total shares.

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