IMIC(SZ:000516) Shang Hai Zheng Quan Bao·2025-05-29 22:01Core Viewpoint - The company has completed the repurchase and cancellation of shares, reducing its total share capital and enhancing shareholder value through improved earnings per share [2][8][12]. Group 1: Share Repurchase Details - The company repurchased a total of 19,304,400 shares, which accounts for 0.8540% of the total share capital prior to the cancellation [2][6]. - Following the cancellation, the total share capital decreased from 2,260,382,715 shares to 2,241,078,315 shares [2][9]. - The repurchase was conducted using self-owned funds and a special loan for stock repurchase, with a total expenditure between RMB 100 million and RMB 150 million, and a maximum repurchase price of RMB 9.16 per share [3][4]. Group 2: Implementation and Compliance - The repurchase was executed from May 27, 2024, to May 9, 2025, with a total transaction amount of RMB 100,019,214.1, excluding transaction fees [6]. - The company adhered to the regulations set forth by the Shenzhen Stock Exchange regarding share repurchase disclosures, providing monthly updates on the progress [5]. Group 3: Impact of Share Cancellation - The cancellation of shares is expected to enhance earnings per share and improve returns for shareholders without significantly affecting the company's financial, operational, or debt servicing capabilities [8]. - The shareholding structure remains compliant with listing requirements, and there will be no change in control of the company as a result of this transaction [8][13]. Group 4: Future Arrangements - The company will proceed with necessary legal and regulatory filings following the completion of the share cancellation [10].