Taiji Industry to buy back shares for cancellation

Wuxi Taiji Industry (SSE:600667) has announced its intention to repurchase shares for cancellation, a move aimed at reducing the company's registered capital. Approved at the company's board and shareholder meetings in April and May 2025, the repurchase plan involves utilizing its own or self-raised funds to buy back A-shares via the Shanghai Stock Exchange's trading system through centralized bidding. The total repurchase amount will range from a minimum of CNY 10,000.00 to a maximum of CNY 12,000.00, with the repurchase price not exceeding CNY 10.38 per share. The repurchase period is set for 12 months from the date of shareholder approval. Creditors are now being notified and have the right to claim debt repayment or request corresponding security within a specified period.