Anzheng Fashion(SH:603839) Zheng Quan Zhi Xing·2025-05-27 10:24Core Viewpoint - The company has decided to cancel 6,059,660 shares that were previously repurchased and not utilized for employee stock incentive plans, resulting in a reduction of registered capital and total share capital [1][5][6]. Group 1: Share Cancellation Details - The reason for share cancellation is the change in the intended use of repurchased shares from employee stock incentive plans to cancellation [1][3]. - The shares to be canceled represent 1.51% of the company's total share capital of 400,102,220 shares at the time of repurchase [3]. - The cancellation will reduce the total share capital from 399,212,160 shares to 393,152,500 shares, and registered capital will decrease from RMB 399,212,160 to RMB 393,152,500 [5][6]. Group 2: Decision Process and Approval - The decision to cancel shares was approved during the sixth board meeting and the fifth extraordinary general meeting of shareholders held on November 22, 2024, and December 9, 2024, respectively [1][3]. - The company will complete the cancellation process by May 28, 2025, and will handle the necessary registration changes [5][7]. Group 3: Impact on Shareholders - The cancellation of shares will not affect the holdings of the controlling shareholders or actual controllers, nor will it trigger a mandatory bid or change the control of the company [5][8]. - The shareholding ratios of major shareholders will slightly increase post-cancellation, with the largest shareholder's stake rising from 29.61% to 30.06% [8][9]. Group 4: Financial Implications - The share cancellation is not expected to have a significant impact on the company's financial status or operational results, and it will not harm the interests of shareholders, especially minority investors [9][10].