Yonyou(SH:600588) Sou Hu Cai Jing·2025-06-06 23:33Core Points - The stock price of Yonyou Network (600588) increased by 5.06% to 13.71 yuan as of June 6, 2025, with a market capitalization of 46.847 billion yuan, ranking 8th in the software development sector and 284th in the A-share market [1] Group 1: Share Buyback and Financial Management - Yonyou Network announced a share buyback plan approved by the board on September 4, 2024, with a total of 3,186,790 shares repurchased by May 31, 2025, accounting for 0.093% of the total share capital, with a total expenditure of 36,270,894 yuan [2][14] - The company plans to use the repurchased shares for employee stock ownership plans or equity incentives [2] Group 2: Corporate Governance Changes - The board of directors decided to abolish the supervisory board, transferring its powers to the audit committee, and to revise the company's articles of association and related rules [4][5][9] - A temporary shareholders' meeting is scheduled for June 24, 2025, to discuss the abolition of the supervisory board and the issuance of H-shares for listing on the Hong Kong Stock Exchange [6] Group 3: H-Share Issuance - Yonyou Network plans to publicly issue H-shares and list on the Hong Kong Stock Exchange, with funds raised intended for AI technology research and global capability development [4][5][14] - Ernst & Young has been appointed as the auditing firm for the H-share issuance and listing [7] Group 4: Internal Policies and Procedures - The company has established a draft for related party transaction management to ensure fairness and protect shareholder rights [3] - A draft for shareholder communication policy has been created to ensure transparent and timely communication with shareholders [8] - The company has revised its internal reporting system for significant information to ensure accurate and complete disclosures [13]