SHENZHEN KINGDOM SCI-TECH.(SH:600446) Shang Hai Zheng Quan Bao·2025-06-05 20:31Core Points - The company plans to change the purpose of the repurchased shares from "sale through centralized bidding" to "cancellation and reduction of registered capital" [5][9] - The board meeting on June 5, 2025, approved the proposal with unanimous support from all directors present [1][2] - The remaining 5,007,526 shares from the 2022 repurchase will be canceled, reducing the total share capital from 946,275,005 shares to 941,267,479 shares [6][10] Summary by Sections Board Meeting Decisions - The board meeting held on June 5, 2025, was conducted via communication voting, with all 7 directors present and voting in favor of the proposals [1][2] - The meeting approved the proposal to change the purpose of repurchased shares and to convene the second extraordinary general meeting of shareholders in 2025 [2] Repurchase and Cancellation Details - The company had previously repurchased a total of 10,007,526 shares in 2022, with an average repurchase price of 9.99 yuan per share, totaling approximately 99.98 million yuan [7][8] - Out of the repurchased shares, 5,000,000 shares were sold at an average price of 15.09 yuan per share, generating approximately 75.45 million yuan [8] - The remaining shares, which constitute 0.53% of the total share capital, will be canceled, leading to a reduction in registered capital [6][10] Impact and Compliance - The change in the purpose of repurchased shares is in line with relevant regulations and is not expected to significantly impact the company's financial status or shareholder rights [11] - The board has requested authorization from the shareholders to proceed with the cancellation and related procedures [12]