Tefa Information: Plans to cancel 31,951,800 shares

Company announcement: The Company plans to change the intended use of 31.9518 million shares held in its share repurchase dedicated securities account from “to implement an equity incentive plan or an employee share ownership plan” to “to cancel the shares and correspondingly reduce registered capital.” After this change is completed and the cancellation procedures are finalized, the Company’s total share capital will be reduced by 31.9518 million shares, and its registered capital will be reduced by 31.9518 million yuan.

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