Guangzhou Tinci Materials Technology (002709.SZ) plans to spend 120-160 million yuan to implement a repurchase. The repurchase price will not exceed 25 yuan per share.

Announcement from Guangzhou Tinci Materials Technology (002709.SZ): The company plans to repurchase company shares, with the repurchase amount not less than RMB 1.20 billion (inclusive), and not more than RMB 1.60 billion (inclusive); the repurchase price will not exceed RMB 25 per share. The repurchase period shall not exceed 12 months from the date of approval of the repurchase plan by the company's board of directors. The source of funds for this repurchase will be self-owned funds and self-raised funds (including special repurchase loans from commercial banks, etc.).