Tianma Microelectronics to repurchase shares for capital reduction

Tianma Microelectronics (SZSE:000050) announced its plan to repurchase company shares for cancellation and a reduction of registered capital, a decision approved at the company's recent shareholder meetings. The company intends to repurchase shares via centralized bidding, with a total repurchase amount ranging from a minimum of CNY150 million to a maximum of CNY200 million. With share prices not exceeding CNY12.43 per share, the company expects to repurchase approximately 12,067,579 to 16,090,104 shares, representing about 0.49% to 0.65% of the current total share capital.