According to the Zhitong Finance App, Tianci Materials (002709.SZ) announced that the company plans to use its own funds and self-financing funds (including commercial bank repurchase special loans, etc.) to repurchase some of the company's shares through centralized bidding transactions, with a share repurchase capital of not less than 50 million yuan and no more than 100 million yuan. The share repurchase price is no more than 45 yuan/share. All of the shares repurchased will be cancelled and the company's registered capital reduced.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.