Tianhua New Energy (300390.SZ)'s actual controller plans to repurchase company shares for RMB 100 million to RMB 200 million.

Zhitong Finance APP News, Tianhua Xinneng (300390.SZ) announced that Mr. Pei Zhenhua, the company's controlling shareholder, actual controller, and chairman, has proposed that the company repurchase some of its shares through centralized bidding transactions, and at an appropriate time in the future use the repurchased shares for cancellation and reduction of the company's registered capital, or for an employee stock ownership plan or equity incentive. The total amount of funds for the share repurchase shall be no less than RMB 100 million (inclusive) and no more than RMB 200 million (inclusive).