Tinci Materials completes share repurchase program

Guangzhou Tinci Materials Technology (SZSE:002709) announced the completion of its share repurchase program, initially approved on January 3, 2025. The company repurchased 6,573,060 shares, representing 0.34% of its total share capital, at prices ranging from CNY 18.16 to CNY 20.23 per share, for a total expenditure of approximately CNY 121.99 million (excluding transaction costs). The repurchase was funded through a combination of the company's own funds and a special-purpose loan from China CITIC Bank. The repurchased shares will be sold off via centralized bidding within 12-36 months.