Vantone NeoDev Group(SH:600246) Shang Hai Zheng Quan Bao·2025-04-22 19:48Core Viewpoint - Beijing Wantong New Development Group Co., Ltd. has announced the cancellation of part of its repurchased shares, totaling 26,728,000 shares, which will reduce the company's registered capital and total share capital [1][2][4]. Group 1: Decision Process - The decision to cancel the repurchased shares was approved during the board meeting on February 19, 2025, and the shareholders' meeting on March 7, 2025 [1][2]. - The company has complied with legal requirements by notifying creditors regarding the share cancellation, with no objections received [2]. Group 2: Cancellation Details - The cancellation of shares is based on the provisions of the Company Law and relevant regulations, as the repurchased shares were not utilized for employee stock ownership plans or equity incentives within the three-year period [2][3]. - The total number of shares being canceled is 26,728,000 [3]. Group 3: Impact on Company Structure - Following the cancellation, the company's total share capital will decrease from 1,943,644,076 shares to 1,916,916,076 shares [4]. - The cancellation process is expected to be completed by April 23, 2025, and will not adversely affect the company's financial status or operational results [4].