Tinci Materials (002709.SZ) controlling shareholder proposes RMB 50 million to RMB 100 million share buyback.

Zhitong Finance APP news, Tinci Materials (002709.SZ) announced that Mr. Xu Jinfu, the company's controlling shareholder and chairman, proposed that the company use its own funds or self-raised funds to repurchase part of the company's issued RMB ordinary shares (A shares) through the Shenzhen Stock Exchange trading system by way of centralized bidding. The total amount of funds for this share repurchase shall be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive).