Tuobang Co., Ltd. announced that the 29th meeting of the 8th board of directors of the company reviewed and passed the relevant bill to cancel 6,266,600 unused repurchase shares in the special securities account that are about to expire for 36 months and reduce the registered capital accordingly. The matter still needs to be submitted to the company's shareholders' meeting for consideration. After the cancellation is completed, the total number of shares of the company will be changed from 1,246,834,988 shares to 1,240,568,388 shares, and the registered capital will be changed from 1,247 billion yuan to 1,2441 billion yuan. The company's creditors may require the company to settle its debts or provide corresponding guarantees in accordance with regulations.

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