Tianrun Industry Technology (002283.SZ) plans to repurchase company shares worth 25 million to 50 million yuan.

Tianrun Industry Technology (002283.SZ) announced that the company plans to use its own funds and special loans to repurchase some of the company's issued Renminbi ordinary shares (A shares) through centralized bidding trading. The shares repurchased in this buyback will be used for implementing equity incentive plans or employee stock ownership plans. The total amount of this buyback funds is no less than RMB 25 million and no more than RMB 50 million, with a repurchase price not exceeding RMB 9.82 per share. Based on the calculated upper limit of the buyback funds, it is estimated that around 5.09 million shares will be repurchased, accounting for approximately 0.45% of the company's current total share capital. Based on the calculated lower limit of the buyback funds, it is estimated that around 2.54 million shares will be repurchased, accounting for approximately 0.22% of the company's current total share capital. The actual number of repurchased shares will be determined at the end of the buyback period or when the buyback shares are fully implemented. The buyback period is not more than 12 months from the date when the company's board of directors approves the buyback plan. As of the date of this announcement, the company has obtained a "Loan Commitment Letter" from Ping An Bank Co., Ltd. Qingdao Branch, committing to provide the company with a special loan of RMB 30 million for stock repurchase, with a loan term of 2 years.