Zhitong Finance App News, Tianci Materials (002709.SZ) issued an announcement. Mr. Xu Jinfu, the controlling shareholder and chairman of the company, proposed that the company use its own funds or self-raised funds to buy back some of the RMB common stock (A shares) shares already issued by the company through centralized bidding transactions through the Shenzhen Stock Exchange trading system. The total capital for this share repurchase is not less than RMB 50 million (inclusive) and not more than RMB 100 million (inclusive).

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