Tianfu Communication Plans 100M-150M Yuan Share Buyback at Up to 350 Yuan/Share

The detail that matters here is the cancellation: repurchased shares will be retired and registered capital reduced, a structure that mechanically lifts per-share metrics rather than parking stock for later resale as employee incentives — a more shareholder-friendly use of balance sheet than many buyback programs. The 350-yuan ceiling also frames management's own view of where the stock has traded, though the plan remains subject to shareholder approval, so no capital is committed yet. Whether the buyback is executed in full and at what pace is the open question, particularly given the wide gap between the floor and cap on total spend.