The controlling shareholder of Tianyue Advanced (02631) proposes to repurchase 50 million to 80 million yuan of A shares

Zhitong Finance App News, Tianyue Advanced (02631) announced that based on confidence in the company's future development and recognition of the company's long-term value, in order to maintain the interests of the company's investors, especially small and medium-sized investors, enhance investor confidence, promote the company's steady and high-quality development, and take into account the company's business situation, financial situation and future development prospects, Mr. Zong Yanmin, as the company's controlling shareholder, actual controller, chairman and general manager, proposed that the company buy back some of the company's issued RMB common shares (A shares) through the Shanghai Stock Exchange trading system The repurchase capital is not less than 50 million yuan, no more than 80 million yuan (inclusive), and the aforementioned repurchase of shares will be used for the company's equity incentives, employee stock ownership plans, or reduction of the company's registered capital at an appropriate time in the future.