Tianshan Electronics announced that the company plans to use its own funds and special stock repurchase loans to repurchase some of the company's public shares through centralized bidding transactions. The repurchase of shares will be used to implement employee stock ownership plans or equity incentives. If the repurchased shares are not used up within three years after the repurchase implementation results and share change announcements, the unused repurchased shares will be cancelled in accordance with law. The repurchase price range does not exceed RMB 31.00 per share. The total capital to be repurchased is not less than RMB 50 million and not more than RMB 80 million. The repurchase period shall not exceed 12 months from the date the board of directors of the company reviewed and approved the repurchase plan.