According to the announcement of Tianjin You Fa Steel Pipe Group Stock (601686.SH), the company plans to repurchase shares through centralized bidding trade to convert the company's convertible bonds. The total repurchase amount is no less than 100 million yuan (inclusive) and no more than 200 million yuan (inclusive), and the repurchase price is not more than 8.39 yuan/share. The repurchase period is no more than 12 months from the date of approval of the repurchase plan by the board of directors.