Tianrun Dairy cuts share capital by 1.5% through cancellation

Xinjiang Tianrun Dairy will cancel 4.8 million shares from its repurchase account, cutting total share capital by 1.5% from 320.2 million to 315.4 million shares.

The company changed the purpose of shares originally bought for employee incentives, instead opting for cancellation. The shares were repurchased in June 2022 at an average price of 12.78 yuan each, totaling 61.3 million yuan.