Tianfu Communications announced that the controlling shareholder Suzhou Tianfu Renhe Investment Management Co., Ltd. proposed that the company use its own or self-raised funds to repurchase shares through centralized bidding transactions. The total repurchase capital is not less than RMB 100 million and no more than RMB 150 million. The maximum repurchase price is RMB 350 per share. It is proposed to cancel all of the repurchased shares and reduce the company's registered capital. The repurchase period is within six months from the date the shareholders' meeting reviews and approves the repurchase plan.

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