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On October 15, Tianfu Communication disclosed that its majority shareholder, Tianfu Renhe, has put forward a proposal to repurchase A-shares via centralized bidding transactions. This move will be financed through either Tianfu Renhe's own funds or funds raised externally. The proposed repurchase amount is set to range between 100 million yuan and 150 million yuan, with the repurchase price capped at 350 yuan per share. Following the repurchase, all acquired shares will be retired, leading to a corresponding reduction in the company's registered capital. The repurchase is slated to take place within a six-month timeframe starting from the date of shareholders' meeting approval. Currently, the proposal awaits shareholders' meeting deliberation and approval.
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