On May 16th, TJ announced that it plans to repurchase company shares through a centralized bidding trading method, with a total repurchase amount of no less than RMB 100 million and no more than RMB 120 million. The repurchase price will not exceed RMB 10.38 per share. The repurchased shares will be used for cancellation and to reduce the company's registered capital. The repurchase period is within 12 months from the date the company's shareholders' meeting approves this share repurchase plan