Tianci Materials announced that it plans to use its own funds and self-raised funds to repurchase the company's A shares through centralized bidding. The total repurchase capital shall not be less than 50 million yuan and no more than 100 million yuan, and the repurchase price shall not exceed 45 yuan/share. All share repurchases will be used to cancel and reduce the company's registered capital. The implementation period is no more than 12 months from the date the shareholders' meeting reviews and approves the plan. This plan has been reviewed and approved by the board of directors and still needs to be reviewed by the shareholders' meeting.

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