Guangzhou Tinci Materials Technology (002709.SZ) plans to repurchase RMB50 million to RMB100 million of its shares, all of which will be cancelled.

Guangzhou Tinci Materials Technology (002709.SZ) announced that the company plans to repurchase part of its shares through centralized bidding transactions using its own funds and self-raised funds (including special loans for share repurchases from commercial banks, etc.), with the repurchase amount not less than RMB50 million and not more than RMB100 million. The repurchase price shall not exceed RMB45 per share. All shares repurchased will be cancelled and the company's registered capital will be reduced accordingly.