According to Zhitong Finance App, Huafu Fashion (002042.SZ) announced that the company's wholly-owned subsidiary, Xinjiang Huafu Cotton Group Co., Ltd. (hereinafter referred to as “Huafu Cotton”), plans to buy back 49% of the shares held by Xinjiang Yinhua High-tech Technology Co., Ltd. (hereinafter referred to as “Tianfu Supply Chain”), a minority shareholder of its holding subsidiary Xinjiang Tianfu Cotton Supply Chain Co., Ltd. (hereinafter referred to as “Tianfu Supply Chain”).

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