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Tianma Microelectronics announces share repurchase plan

July 10, 2025 at 01:00 PM UTCBy FilingReader AI

Tianma Microelectronics has announced a plan to repurchase its A-shares, intending to use the repurchased shares for the purpose of reducing the company's registered capital.

The repurchase price will not exceed CNY 12.43 per share. The total funds allocated for the repurchase will range from CNY 150 million to CNY 200 million. Based on the maximum repurchase amount, the company anticipates repurchasing approximately 16,090,104 shares, representing about 0.65% of the total share capital.

The company intends to fund the repurchase from its own funds or bank loans. A local bank has agreed to a CNY 180 Million loan. The repurchase period will be within 12 months from the date the shareholders' meeting approves the repurchase plan.

The company has already opened a repurchase-specific securities account. The Board of Directors believes this repurchase plan will not significantly impact the company's operations, finances, research and development, debt repayment capabilities, or future development. All directors have pledged that the repurchase will not harm the company's ability to meet its debt obligations or its continued business operations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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