Tianfeng Securities to cut share capital by canceling repurchased shares

Tianfeng Securities Co., Ltd. announced the cancellation of 67,786,990 repurchased shares, representing 0.67% of the company's total share capital before the cancellation. This action will reduce the company's total share capital from 10,141,772,224 shares to 10,073,985,234 shares. The share cancellation is scheduled to be completed on October 21, 2025.

The shares were repurchased as part of a plan approved on October 29, 2021. The repurchase was finalized on October 28, 2022, with a total of 67,786,990 A-shares acquired at prices ranging from RMB3.48 to RMB4.01 per share, averaging RMB3.73 per share. The total expenditure for this repurchase, excluding stamp duty and commissions, amounted to RMB252,567,452.

The change in the use of these repurchased shares from a dedicated account to cancellation was approved by the board of directors on August 15, 2025, and by shareholders on September 3, 2025. The company has completed all required legal notifications to creditors, and the 45-day public notice period passed without any creditor claims. This move is not expected to significantly impact the company's financial condition, operating results, or its listing status.